Allwyn acquires 51% of Novibet – The initial amount of the acquisition is €217 million

A woody that had been months successful the making has been finalized by Allwyn, the involvement of Czech billionaire Carrell Komarek (photo). The radical announced that it has agreed to get a 51% involvement successful Logflex MT Holding Limited, proprietor of online sports betting and gaming supplier Novibet. The estimated archetypal information is €217 cardinal successful currency (subject to customary closing adjustments).

Novibet, which has developed proprietary technologies, employs much than 1,000 radical successful its operational centres successful Malta, Greece and Brazil and has a beingness successful the markets of Brazil, Cyprus, Greece, Ireland and Mexico, among others.

Novibet’s dynamic lawsuit proposition is supported by its absorption connected starring merchandise innovation, data-driven merchandise offerings, velocity and scalability of its infrastructure, section contented and liable gaming.

The acquisition of Novibet by Allwyn, the genitor institution of OPAP, taxable to customary regulatory and antitrust approvals, enhances the group’s technological capabilities, arsenic good arsenic its imaginable successful the online sports betting and online gaming markets. At the aforesaid time, it comes arsenic a continuation of Allwyn’s strategy of selective acquisitions successful related product, exertion and contented sectors to enactment its growth. Building connected this strategy, earlier successful the year, Allwyn acquired a bulk involvement successful Instant Win Gaming, a starring planetary supplier of eInstants for lotteries.