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MRG enters Latvian market with acquisition of 11.lv

23rd May 2018 9:43 am GMT

Stockholm-listed gaming operator MRG will expand its Mr Green brand into the regulated Latvian iGaming market following the acquisition of a majority stake in locally licensed operator 11.lv.

AMRG will acquire a 75 per cent stake in the sportsbook-focused operator, which is one of the largest in Latvia and holds licences for betting, casino and live casino.

MRG will pay €2.8m for the majority stake in cash, based on an enterprise value of €3.7m for the business.

“This [...]

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