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Betsson completes Europe-Bet acquisition

23rd July 2015 7:49 am GMT

Swedish gaming operator Betsson has completed the acquisition of Georgian online and land-based gaming operator Europe-Bet for a total maximum purchase price of US$85m.

The company first announced the deal to acquire Europe-Bet owner Chempionebi 111 LLC and associated companies at the end of last month for an initial purchase price of $50m.

In addition to that, an additional sum of a maximum of $35m may be paid up to one year after completion, provided that betting regulations in Georgia [...]

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