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Entain owners of Ladbrokes acquire BetCity for $887 million

(Reuters) – British gambling group Entain agreed on Tuesday to acquire online sports betting and gaming operator BetCity in a deal worth up to 850 million euros ($887 million) to build its presence in the Dutch market.

Entain said BetCity’s offering was highly complementary to its bwin and Party brands, which are awaiting approval to operate in the Netherlands.

Entain, which owns the Ladbrokes and Coral betting firms, said it would acquire BetCity from Sports Entertainment Media B.V.

Continue reading Entain owners of Ladbrokes acquire BetCity for $887 million at Sports Betting Operator.

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