Tag Archives: Enlabs
Latvia – Pragmatic Play debuts live casino products in Latvia with Enlabs
Pragmatic Play is to offer its full suite of live casino products to customers of Optibet and other brands across Latvia belonging to Enlabs, part of Entain. Founded in 2005, Enlabs provides gaming services across the Baltics and Nordics, notably under the Optibet brand. Pragmatic Play’s partnership with Enlabs marks the first time an operator…
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…
