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Betsson Completes Europe-Bet Purchase

Internet betting firm Betsson AB has announced that it has completed the purchase of Europe-Bet through the firm Chempionebi 111 LLC for the price of $50 million.

The price of $50 million will be supplanted by an additional price of $35 million for up to one year after the deal's completion, but this is dependent on gaming regulations in Georgia remain the same.

Betsson said they think the purchase will positively impact its bottom line from the date of the purchase completion (July 22nd). Betsson financed the deal through a credit broker for €35 million, and the company also used a second group for SEK 700 million in credit.

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