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Malta regulator approves GVC joint venture with Betit

29th May 2014 8:14 am GMT

UK-listed online gaming operator GVC Holdings said Thursday that the company’s newly established joint venture with Betit Securities has been granted approval by Malta’s Lotteries and Gaming Authority.

The JV, announced earlier this month, is part of a strategic initiative to boost the company’s presence in the Scandinavian online gaming market.

The new business will operate as Betit Holdings, GVC paying an initial €3.5m for a 15 per cent stake in the JV and a place on [...]

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