Entain, the leading global sports betting and gaming entertainment group, has announced the completion of the acquisitions of two European operators, Bet.pt and Enlabs AB.
The latest acquisitions take Entain into four new regulated European markets and provide a springboard to enter further markets intending to regulate for sports betting and gaming. This time last year Entain had operations in 21 fully regulated markets, later adding Germany and Colombia. That total has risen to 27 following the latest acquisitions.
Looking ahead, the Group expects to increase further the number of regulated markets in which it operates through a combination of positive regulatory developments in certain jurisdictions, like Canada, and expansion into new countries in regions including Latin America and Central and Eastern Europe.
“These new acquisitions are in line with our strategy to expand into new locally regulated markets. We are committed to operating only in countries which are either already fully regulated or in the process of regulating and will continue to look for opportunities to expand our business internationally,” Rob Wood, CFO & Deputy Chief Executive of Entain, said.
“Portugal and the Baltic region represent highly attractive, locally regulated and fast-growing gaming markets. Both these acquisitions further deliver on our growth strategy of expanding across fast-growing international markets,” Rob Wood added.