Industry: $50 million up front and $35 million after one year for revenues of over $50 million a year.
Betsson AB has announced the acquisition of Georgian operator Europe-Bet for an initial price of $50 million plus a further payment of $35 million after one year if Georgian gambling laws do not change.
“Europe-Bet has established a strong brand with a competitive multi-product offering in the locally regulated market of Georgia. Together with Betsson’s technology, a foundation for profitable and sustainable growth within and outside Georgia is created”, said Magnus Silfverberg, CEO and President of Betsson.