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OEG finalises acquisition of Lithuanian sports betting operator

18th December 2015 8:58 am GMT
Lithuania

Eastern European gaming operator Olympic Entertainment Group (OEG) has completed its acquisition of Lithuanian sports betting operator UAB Orakulas for an undisclosed sum.

The deal, first announced last month, has been completed after it was approved by the Lithuanian Competition Council, and sees OEG secure a 100 per cent shareholding in the business.

The acquisition bolsters OEG's presence in the Lithuanian gambling market and enhances its penetration of the country’s sports betting and newly-established online gaming market. With the [...]

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