Entain Announces Enlabs Acquisition Deal only Days After Rejecting MGM Resorts' Takeover Bid
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Entain plc, which owns the popular bookmaker brand Ladbrokes Coral, has reached an agreement to purchase Swedish online gambling and sports betting firm Enlabs for £250 million. The deal comes at a time when there has been an increased movement towards further consolidation across the gambling sector. En labs is a market leader in the sportsbetting and online betting sectors in Latvia and one of the biggest in Estonia and Lithuania.
Entain announced the acquisition of Enlabs. It is expected to boost its presence and reach into new regulated markets. The deal comes at a time when dealmaking in the gambling industry has intensified. US gambling companies are interested in taking over European companies. Olivia Cole has written about the UK gambling market. She has an interest in sports betting and online gambling. Olivia has worked as a journalist for several years. Her interest is in gambling and she has a special interest for the market in UK.
