ENTAIN GETS GREEN LIGHT FROM REGULATORS FOR ENLABS ACQUISITION

FTSE100 gambling group Entain has received regulatory approval to acquire Baltics-focused gaming operator Enlabs. 

Last week Entain upped its offer for Enlabs by a very significant 32.5% to SEK 53 per share, after its original offer of SEK 40 per share was rejected by shareholders, including Texas-based hedge fund Alta Fox. 

51% of Enlabs shareholders had already irrevocably agreed to accept the new offer, with the acceptance period expiring on 18 March. Now, with approvals secured from all necessary competition and gaming regulators, the acquisition can proceed to final stages. 

Entain has issued a statement saying it reserves the right to extend the acceptance period, and postpone the date of settlement. 

Staying with Entain, earlier today we reported the group had extended its contract with Scientific Games, so that its iGaming brands will be powered by SG Digital until 2024.