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Gaming operator Enlabs has announced that they've completed their purchase of KDB Games, finalizing a deal that was announced in August.
The deal was worth €127,000 and sees all KDB shares now being in possession of Enlabs. KBD Games is based out of Belarus, and the company provides land-based betting services. The purchase was made to allow Enlabs to try to apply for a license to operate within the country.
Earlier this year the government of Belarus passed new laws that began blocking unlicensed operators and setting new requirements to obtain licenses in the country for online betting.
Speaking about the deal Enlabs CEO Robert Andersson said, "We are very satisfied to finalise this acquisition and start the online licence application process. We are eager to get going and aiming for an initial launch in the first half of 2020.
"As we have communicated earlier, this acquisition won't have immediate effect on our financial results, but it is an acquisition completely in-line with our strategy of entering emerging regulated markets in the Confederation of Independent States (CIS) region."