Tag Archives: georgia

Betsson AB confirms acquisition of Europe-Bet for $50 million

European sports betting operator Betsson AB, has confirmed is acquisition of Georgia licensed betting operator Europe-Bet for a purchase price of $50 million (£31 million). Detailing the acquisitions final terms, Betsson AB will pay Europe-Bet holding company Chempionebi an additional sum of $35 million upon completion of one year under its management, provided that Georgian gambling regulations remain unchanged. Should …

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Julia Salagaeva – Connective Games – Platform Gains

Julia Salagaeva Head Business Development & Corporate Communications at Connective Games details why operators are focusing on platform flexibility and how this has created a greater scope for new software developers  The online gaming industry is going through a significant period of disruption, during which a new wave of software provider is emerging – smaller, technically innovative, flexible, and heavily-client-focused, …

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Betsson AB enters Georgia with $50 million Europe-Bet acquisition

European igaming and sports betting group Betsson AB has confirmed that it has passed all provisions to acquire Georgian betting operator Europe-Bet for a consideration of $50 million (£31 million). The acquisition deal will see Betsson become the second largest Georgian betting operator, taking 30% market share as the gambling group takes over Europe-Bet’s online and retail betting divisions. Betsson …

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Betsson eyes Eastern Europe expansion with potential Europe-Bet acquisition

European sports betting operator Betsson AB is eyeing expansion into the Eastern European sports betting markets with the potential acquisition of Georgia based operator Europe-Bet. Igaming news source EGR Magazine had speculated last week that Betsson governance were preparing a €100 million acquisition for Europe-Bet. Its is believed that both parties have been in advanced discussions for a number of …

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Melcolot enters advanced negotiations for Tbilisi casino project

Asian gambling investment firm Melcolot Ltd has announced that it is in advanced stages to proceed with its Georgia casino project. The firm had outlined to November 2014 that it coveted opening a casino in Tbilisi, and that management had started to discuss terms with local officials. The news of the advanced staged discussions with the Georgian government have been …

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Iveriabet takes on NYX’s new poker product

NYX Gaming Group has entered a new regulated market as Iveriabet has launched with the NYX OGS and signed up for its NYX Poker product. Iveriabet, which is part of Casino Iveria, the Georgian land-based casino group took NYX OGS games live last week and will also take advantage of the NYX Poker product, formerly Ongame. This agreement will enable …

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