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GVC targets Scandinavian expansion with Betit joint venture

14th May 2014 7:27 am GMT

GVC Holdings has agreed a joint venture with Malta-licensed operator Betit Securities Limited as part of a strategic initiative to boost its presence in the Scandinavian online gaming market.

Under the terms of the joint venture agreement, the companies will establish a new business known as Betit Holdings Limited. GVC will pay an initial €3.5m for a 15 per cent stake in the joint venture and a place on Betit’s board, subject [...]

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