The tabled bid of SEK40 per share "significantly undervalues . Oct 2021 - Present7 months. Crystalbet is one of the leading online gaming operators in the Republic of Georgia. Entain has received necessary regulatory approvals regarding the recommended public cash offer to the shareholders of Enlabs.On 7 January, Entain announced a public cash offer to the shareholders of Enlabs which was increased on 1 March from SEK 40 per share to SEK 53 per share.Entain has now confirmed that it has now received all the necessary approvals from the relevant competition and . With Enlabs AB seeing the bid as insufficient, Entain has been steadfast in its position that the proposed SEK 40 per share should fit the bill. Enlabs' acquisition of Global Gaming and particularly Ninja Casino provides an interesting opportunity for us," Segev said recently. Shares in Entain ENT, -0.60% rose more than 2% on Monday, after the U.K. gambling company raised its offer for rival Swedish sports betting firm Enlabs. Entain increases Enlabs takeover offer to SEK3.7bn. ENLABS står för Entertainment Laboratories. Entain, through its wholly-owned subsidiary Bwin, has completed its public cash offer to shareholders of Enlabs at a price of SEK53 (£4.48/€5.21/$6.21) per share. The acquisition further delivers on Entain's strategy of expansion across new regulated international markets. Reading Time: < 1 minute Online gambling operator Entain has put forward an offer worth €276.4m to acquire Enlabs. Brit makes the Swede a final offer. The €370m purchase brought the Swedish iGaming company's Optibet brand — OEG's chief rival in the online gambling space — under the umbrella of Entain. Entain Plc have raised their acquisition offer for Baltic-facing Optibet operator, Enlabs, from £250m to £315m. The offer values individual shares in Enlabs at a price of SEK40.The Independent Bid Committee of Enlabs has unanimously resolved to recommend shareholders accept the offer, supported by a fairness opinion provided by Mangold Fondkommission. In January, wholly-owned by Entain subsidiary Bwin Holdings came up with a cash offer of SEK40 per share totaling SEK2.8 billion to acquire Enlabs AB, a bid which was accepted by the Independent Bid Committee at the Nasdaq First North-traded company, which unanimously proposed to shareholders to approve the deal. The SKr40 per share offer valued Enlabs at about £250 million. UK gambling group Entain announced Thursday that it has completed the acquisition of Swedish operator Enlabs AB and Portuguese gaming and betting site Bet.pt and that the addition of these operations has further expanded its regulated footprint. Entain, the global sports betting and gaming group formerly known as GVC Holdings, made a purchase offer to Swedish company Enlabs for $ 343 million. "The Enlabs and Bet.pt acquisitions are truly exciting steps forward for both the company and the iGaming sector in general, since they highlight Entain's commitment to operating only in countries that are . On March 9, Entain announced that it had obtained all regulatory approvals required from the authorities in relation to the cash offer made to Enlabs shareholders. The acceptance period for the offer was due to expire on February 18 but has now been extended to March 18, with settlement expected to commence on or around March 23, subject to receipt of necessary approvals. Since Entain does not operate on this market, the company believes that the acquisition of Enlabs would help with its expansion. Enlabs shareholders have been given an extra month to accept Entain's cash offer of SEK40 per share. March 24, 2021 7:22 pm. Entain expands regulated footprint with Enlabs acquisition 01 Apr 2021 By 5 STAR Business News Entain has increased the number of regulated international markets in which it operates by almost a third over the past year following the completion this week of the acquisitions of two European operators, Bet.pt and Enlabs AB. If the sale goes through, it will build on Entain's acquisition of Enlabs AB. The recent acquisitions of both Bet.pt and Enlabs are huge in terms of the growth potential of Entain. Swedish gambling company Enlabs has agreed to a deal with Entain to be acquired at the current value of £250 million.. Enlabs which operates online sports betting brands across the Baltic States will receive some 15.6% premium on its current share price from Entain who themselves have been approached by MGM Resorts.. At present 42% of shareholders at Enlabs have accepted the deal and it is . Shareholders representing the majority of Enlabs have now backed the improved offer. The acquisition further delivers on Entain's strategy of expansion across new regulated international markets. It was also accepted […] Enlabs is also estimated to generate €89.5m in net gaming revenue over the next year with an EBITDA of €23.5m. Vi är ett bolag som skapar underhållning genom nytänkande inom tre affärsområden: Nätspel, Media och Solutions. Entain Plc are more confident than ever with its new €365m/£315m cash Enlabs takeover offer. For more information see the Group's website: www.gvc-plc.com Sep 2014 - Mar 20157 months. The Indian Wire » Gambling & Casinos » Entain shareholders approve Enlabs acquisition. Entain intends to initiate compulsory acquisition proceedings in respect of Enlabs shares not tendered in the Offer, and to request that the Enlabs board applies for a delisting of the Enlabs . Gambling giant Entain has increased its acquisition offer for Enlabs from SEK40 per share to SEK53, valuing its overall bid for the Baltic-facing operator at SEK3.7bn (£314.6m/€363.9m/$439.2m). The acquisition of Enlabs represents a synergistic combination with a pre-eminent operator, with high operating standards and a market-leading customer proposition. It was also accepted […] Enlabs originally rejected the gaming giant's GBP 250 million bid in January, as shareholders that still owed 10.7% of the company deemed that their offer had undervalued the brand. In a press release from Entain, the company highlighted it has not acquired any shares that give financial exposure to Enlabs' shares outside the offer. So far, 42.2% of Enlabs' shareholders have accepted Entain's offer of SEK40 ($4.88) per share; Shay Segev, Entain's CEO, said the acquisition aligns with the group's plans for expansion Enlabs is a market leader in Latvia, the second largest . Segev is optimistic that Entain can play host to Ninja Casino, citing the company's experience with bwin in the Nordics and replicating this expertise in running day-to-day affairs for the defunct brand that . London-based private equity firm Novalpina Capital purchased OEG for €300 million in 2018. Enlabs shareholders have been given an extra month to accept Entain's cash offer of SEK40 per share. Baltic Largest iGaming Company Enlabs Acquired by Entain 2021-05-16 The board of directors for Enlabs has endorsed the sale of the company to Entain for $343 million. Entain Plc are more confident than ever with its new €365m/£315m cash Enlabs takeover offer. The British holding Entain announced the completion of the takeover of Enlabs AB. It shouldn't be ignored that Entain also operates in Spain via bwin, so this is just an extra. The transaction is expected to be finalized by mid-April and supports Entain's strategy of expanding into new international markets. Updating the FTSE governance, Entain states that it anticipates finalising its transaction by Tuesday 13 April. shrutichaturvedi. Hamilton Bradshaw, founded by James Caan is the UK's leading investor in the Recruitment sector. Entain had offered to acquire Enlabs much earlier and now it has got the approval of its shareholders for the same. Moreover, Entain revealed last week that it had finalized its acquisition of the Baltic-facing operator, as over 94% of the shares in Enlabs supported the agreement. Entain, which was previously known as GVC Holdings, has approached Enlabs with a takeover offer only a few days after revealing its decision to reject a proposed $11-billion acquisition bid that the US casino giant MGM Resorts International had made. Ladbrokes owner Entain has completed the recommended public cash offer to the shareholders of Enlabs and extended the acceptance period. Entain, via its wholly-owned subsidiary Bwin Holdings, has announced a recommended cash offer to the shareholders of Enlabs in a transaction which would value the group's shares at SEK 40 each.. Entain is acquiring Swedish gambling firm Enlabs AB for around 2.80 billion Swedish kronor ($333.5 million), the WSJ said. Entain had submitted an offer to acquire Enlabs in a cash deal which was valued at SEK 2.8bn ($328.4m), in early January. Entain plc, the global sports-betting and gaming group, formerly known as GVC Holdings, has today announced a recommended cash offer for Enlabs AB. The British holding Entain announced the completion of the takeover of Enlabs AB. Entain Extends into the Baltic Markets with £250m Offer for Enlabs AB. The moves comes after Enlabs rejected the gaming giant's £250m bid back in January as shareholders that owned 10.7% of Enlabs said it . The offer values Enlabs at around 2.80 billion . The latter had until March 18 to accept the takeover bid. The Ladbrokes and Coral operator, Entain has received all the necessary regulatory approvals to proceed with Enlabs acquisition. A recommended cash offer of SEK 40 for each Enlabs share It is reported that 94.2% of the shareholders of the Swedish operator approved the new offer of the British, and the deal moved into the final stage. SBC NEWS About Us Team SBC Advertise with us Contact Us MORE FROM SBC Lottery Daily Entain set to complete Enlabs acquisition 22nd March 2021 11:06 am GMT Online gaming operator Enlabs will soon delist its shares from the Nasdaq First North Growth Market after more than 90 per cent of shareholders accepted the SEK53 per share acquisition offer from rival operator Entain. Formerly GVC Holdings, now Entain PLC, owner of Bwin, Coral, Ladbrokes, PartyPoker and Sportingbet explained that the acquisition of Enlabs, a Sweden-based company with innovative approach to iGaming, is directly aligned with the company's growth strategy. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK's largest high street bookmaker, with over 3,500 betting shops. But the Australian firm is promising a strategic review of . Enlabs shareholders have approved the acquisition at SEK53 per share which sets SEK 3.7 billion price tag for the takeover Entain has already secured the necessary regulatory approvals which means that the deal may be completed next month Approximately 94% of Enlabs' shareholders approved Entain's offer for acquisition at SEK53 per share. De operativa dotterbolagen innehar nationella licenser och tillstånd för sina verksamheter och koncernen sysselsätter omkring 190 anställda. Entain has secured all of the necessary regulatory approvals to proceed with its proposed acquisition of Baltic-facing operator Enlabs. The overall worth of these shares is €370m (£319m). 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