Business
March 22, 2021
Entain’s Acquisition of Enlabs Moves Forward
Approximately 94% of Enlabs’ shareholders approved Entain’s offer for acquisition at SEK53 per share. This sets a price tag for the acquisition of approximately SEK 3.7 billion. The Majority of Enlabs’ Shareholders Accepted Entain’s Offer Entain, the global betting and gaming group, announced today that its takeover of Enlabs AB moved one step forward. The […]
Industry
March 9, 2021
Entain Receives Regulatory Approvals for Enlabs Acquisition
Entain Plc announced in a press release today it fulfilled the condition with regards to the receipt of necessary regulatory approvals related to the pending offer to buy shares of Enlabs AB. Regulatory Conditions Satisfied The global sports betting and gaming group received all the necessary approvals from relevant competition and gaming authorities and is […]
Business
March 4, 2021
Entain Reports Strong Performance in 2020 Due to Online Growth
Entain’s results for 2020 show strong performance across the year with online net gaming revenue up 27%. Online Growth Offsets Retail Losses Entain Plc has published its full-year results for the period January – December 2020. The company posted revenues of £3.56 billion, a ‘flat’ change from the £3.57 billion recorded in 2019. Underlying EBITDA […]
Business
March 1, 2021
Entain Increases Bid for Obtaining Enlabs at SEK53 per Share
Following its offer of SEK40 per share in January, Entain confirmed today it increases the bid for Enlabs to SEK53 per share. After the Initial Offer of SEK40, Now Enlabs Valued at £316 Million Resolving to acquire Enlabs, Entain has now increased its bid to SEK53 per share, valuing Enlabs at £316 million. Enlabs’ key shareholders […]
Business
February 23, 2021
Enlabs Reports Revenue Increase in 4Q2020
Enlabs experienced another record quarter with active customer count increasing by 15% quarter to quarter and 88% year over year. Another Record Quarter After Acquisition of Global Gaming in Q3 Estonia-based operator Enlabs has published their financial results for 2020, including the fourth quarter of the year. Revenues for the period January 1 – December […]
Business
February 11, 2021
Entain Extends Acceptance Period of Enlabs Purchase
Facing internal shareholder disagreements, Enlabs will have until March 18, 2021 to decide whether it wants to accept a SEK 2.8 billion acquisition offer from Entain. Entain Extends Acceptance Period for Enlabs Acquisition Entain Plc’s attempt to acquire Enlabs AB, one of the world’s foremost gambling groups, is experiencing a few potholes on the road […]
Business
January 18, 2021
Alta Fox Capital Would Block Entain’s Bid for Enlabs
Entain’s £250 million bid for Baltic gaming operator Enlabs AB is on the verge of collapsing after a second large shareholder of the Stockholm-listed company vowed to block the deal, EGR reports. Alta Fox Capital Management, a hedge fund holding 3.34% stake in Enlabs stated it would reject the purchase at the proposed price. Bid […]
Business
January 14, 2021
Entain Should Up the Bid, Enlabs Large Shareholder Suggests
Entain’s acquisition bid to Baltic operator Enlabs AB disappointed some shareholders of the acquired company, a report in EGR reveals. Earlier in the month, the wholly-owned by Entain Malta-based subsidiary Bwin Holdings offered SEK2.8 billion for the Nasdaq First North-listed operator. Entain’s Acquisition Bid in Tatters The tabled bid of SEK40 per share “significantly undervalues […]
Business
January 7, 2021
Entain’s Bwin Holdings Tabled Cash Bid to Enlabs Shareholders
Global sports betting and gaming group Entain plc announced today its wholly-owned Malta-based subsidiary Bwin Holdings tabled a cash offer of SEK40 per share to shareholders of Enlabs AB. Bid Unanimously Recommended to Enlabs Shareholders The proposed bid which values Enlabs at around SEK2.8 billion was endorsed by the Independent Bid Committee of the Nasdaq […]
Business
December 24, 2020
Enlabs Revokes Swedish iGaming and Betting Licenses
Enlabs announced via its Optibet brand the sale of its Swedish online gaming and sports betting licenses and a strong comeback next summer. Enlabs Voluntarily Drops Swedish Licenses iGaming and sports betting operator Enlabs has revoked its Swedish licenses to focus on the development of its proprietary technology platform. The company has vowed to return […]