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Tag Archives: Enlabs

Sweden – Entain set to acquire Enlabs in April

Entain has completed the recommended public cash offer to the shareholders of Enlabs and extended the acceptance period. On 7 January, Entain announced a public cash offer to the shareholders of Enlabs. On 1 March, Entain announced that it had decided to increase the offer from SEK 40 per share to SEK 53 per share….

UK – Entain receives regulatory approval for Enlabs acquisition

Entain has received necessary regulatory approvals regarding the recommended public cash offer to the shareholders of Enlabs. On 7 January, Entain announced a public cash offer to the shareholders of Enlabs which was increased on 1 March from SEK 40 per share to SEK 53 per share. Entain has now confirmed that it has now…

UK – Entain ups Enlabs offer to £316m

Entain has increased its offer to acquire Enlabs from £250m to approximately £316m. Enlabs has confirmed that a selection of shareholders who previously voiced their disappointment have now ‘provided irrevocable undertakings to Entain to accept the increased offer’, meaning those responsible for 51 per cent of the total number of shares are now backing the…

US – Enlabs major shareholder condemns Entain’s ‘inadequate offer’

Alta Fox Capital Management, one of the largest shareholders of Enlabs, has written to fellow shareholders stating that Entain’s current offer price of 40 SEK per each Enlabs share ‘materially undervalues the company’. The US hedge fund stated that the offer “represents a negligible premium of 1.1 per cent to the pre-offer trading price, and…

UK – Entain’s £250m Enlabs acquisition bid recommended by shareholders

Entain has made a SEK2.8bn (£250m) cash offer to the shareholders of Enlabs through its subsidiary, Bwin. The offer values individual shares in Enlabs at a price of SEK40.The Independent Bid Committee of Enlabs has unanimously resolved to recommend shareholders accept the offer, supported by a fairness opinion provided by Mangold Fondkommission. Enlabs shareholders holding…

Sweden – Enlabs makes mandatory offer to acquire Global Gaming

Enlabs has made a mandatory public offer to secure the remaining shares in Global Gaming, after previously taking its holding to a 66.7 per cent stake. The offer value for the remaining shares in Global Gaming is SEK 149.72m, equating to valuing all shares in the company at approximately SEK 450m. Under the terms of…

Malta – Enlabs acquires majority stake in Shogun Group

Enlabs have acquired a 66.5 per cent stake in Shogun Group, a Malta based iGaming operator currently operating through a third party gaming platform under Maltese license. Enlabs will migrate operations under own licenses to its own proprietary platform, add Enlabs sportsbook BetX and provide full support to accelerate business growth. The acquisition of Shogun,…

Latvia – Playtech content now live with Enlabs

Playtech has welcomed Enlabs brands Optibet Latvia and BestPoker to the Playtech iPoker network – the leading poker network in the world. At a time where Poker as a vertical is evolving in line with market challenges, Playtech is continuing to develop and expand the iPoker network. This new partnership sees Playtech enter the Latvian…

Malta – Enlabs integrates esports offering with EveryMatrix

Enlabs has launched esports betting on its flagship brand OPTIBET through a new partnership with B2B supplier EveryMatrix. OPTIBET is a sports betting and casino brand across the Baltic States and Nordic region and the esports integration is in line with OPTIBET’s strategy of offering the complete experience for its players. OPTIBET is now offering…