Betsson is considering legal action after being accused of serious irregularities in its US$85m acquisition of Georgian gaming operator Europe-Bet, suggesting that the accusations are an attempt to manipulate the company’s share price.

The operator says that the anonymous document, reportedly commissioned by a US hedge fund, contains “false information and fictitious facts” about the deal in a bid to defame Betsson.

“Betsson has reasons to believe that an individual, with the aim of earning personal financial gains by short selling the Betsson shares, wants to discredit the company,” the operator explained.”This is something Betsson takes very seriously, especially as the company has many small shareholders.”

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