Key Takeaways
- 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’s online poker room is currently ranked 21st by cash game traffic and over the last year has maintained a seven-day moving average of around 500 occupied seats at its cash game tables.
- Betsson already operates ten online poker rooms on the MPN and Ongame networks, and this purchase will give it around 30% of the local Georgian market.
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.
