Crystalbet - G3 Newswire

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Source: FinSMEs Crystalbet: GVC Holdings Welcome Crystalbet GVC Holdings are one of the key players in the sports betting and gaming industry. They are also a constituent member of the FTSE 250 and their shades currently trade on the Main Market of the London Stock Exchange. GVC has launched a comprehensive suite of casino content on Crystalbet, the fully-licensed Georgian sports betting and gaming brand in which GVC acquired a 51% stake on 13 April 2018. The move marks the first milestone in integrating GVC’s proprietary and licensed content into Crystalbet’s product line-up. GVC Holdings has agreed a deal to acquire a 51% stake in Mars LLC (Crystalbet) for a consideration of €41.3m ($50.8m). Launched in 2011, Crystalbet holds licences to offer online gaming products such as sports betting, casino games, poker and peer-to-peer games in the regulated market of Georgia. GVC is pleased to announce the launch of a comprehensive suite of casino content on Crystalbet, the fully-licensed Georgian sports betting and gaming brand in which GVC acquired a 51% stake on 13 April 2018. The move marks the first milestone in integrating GVC’s proprietary and licensed content into Crystalbet’s product line-up. GVC is pleased to announce the launch of a comprehensive suite of casino content on Crystalbet, the fully-licensed Georgian sports betting and gaming brand in which GVC acquired a 51% stake on 13 April 2018. The move marks the first milestone in integrating GVC’s proprietary and licensed content into Crystalbet’s product line-up. GVC management believes that Crystalbet is the largest online sportsbook, and the second largest online gaming brand overall, in the Republic of Georgia. For the financial year ended 31 December 2017, Crystalbet revenues were GEL102.9m (€34m 1), with EBITDA of GEL36.5m (€12.0m) and a profit after tax of GEL30.8m (€10.2m). As at 31 ... As part of its shift towards regulated markets, online betting operator GVC Holdings has agreed to buy 51 percent of Georgian gambling group Crystalbet for €41 million (US$50.84 million) in cash ... GVC Holdings have announced that they have agreed a deal of €41.3 million in order to a acquire a 51% stake in Crystalbet who are an online gaming company hailing from the Republic of Georgia ... CRYSTALBET.COM - Online Bookmakers GVC’s experience and track record in many different geographic markets, together with its technology and marketing skills are key attractions for Crystalbet. We very much look forward to being part of GVC Holdings.” Completion is not subject to regulatory approval and is expected to occur by the end of March 2018.

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