With the Acquisition of Expekt and Bet-at-home, French Group MANGAS GAMING Enters the Top 5 Online Sports Betting Players in Europe
Last update: 1:37 a.m. EST March 6, 2009
PARIS, March 6, 2009 /PRNewswire via COMTEX/ -- MANGAS GAMING, French leading group in online gaming and sports betting, which operates Betclic, active in France and Southern Europe, announces the two following transactions:
- The acquisition of all the operations of Expekt, a major
online sports betting company, addressing primarily the Scandinavian
and Northern European markets. Expekt is also a major player in online
- The acquisition of a controlling stake in Bet-at-home from
its founders. Bet-at-home, a Frankfort listed company, is an online
betting and gaming operator mainly present in Central and Eastern
Europe. A public offer will be launched shortly to acquire the shares
held by Bet-at-Home's minority shareholders.
Both transactions benefit from the full support of the management of the acquired companies.
With these acquisitions, MANGAS GAMING, enters the top 5 online sports betting operators in Europe, with gross gaming revenues amounting to around 200 million euros in 2009, over 4 million registered clients and a staff of about 500 people.
Present in more than 25 countries, the group now benefits from a balanced breakdown of its activities over continental Europe while maintaining a strong focus on local market expertise, and offers its services through websites in 24 different languages.
MANGAS GAMING, managed by Isabelle Parize, plans to pursue its pan-European development in a fast-growing industry.
Both transactions, which remain subject to customary regulatory approvals, will be financed through the existing resources of MANGAS GAMING, which is co-controlled by Financiere Lov, Stephane Courbit's patrimonial holding company, and Societe des Bains de Mer (SBM).
Lazard acted as exclusive financial adviser to MANGAS GAMING in these transactions.
SOURCE Mangas Gaming
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