Posted at 09:01h
Intralot Places Polish Sportsbook Business to give focus to US Enlargement
Intralot sells Enhance business to focus on US extension; Gauselmann Cluster secures access into Poland's sports gambling market
Greek gambling group Intralot announced recently that it possesses entered into an agreement to will sell its Totolotek SA athletics betting organization to the Gauselmann Group's supplementary company Merkur Sportwetten GmbH.
Totolotek is a fully owned branch of Intralot that operates in Poland's licensed gambling current market. The treatment has been contained in the country for pretty much three decades and sports gambling on services from 260 retail store locations plus online. Totolotek currently uses more than 560 people.
Intralot said within a press release coming from earlier currently that the commitment for the getting shares has been concluded and that they are only waiting for regulatory wholesale to complete the actual transaction . The purchase price had not been disclosed.
News about Intralot offloading it has the Polish company arrive after the company sacrificed its sporting activities betting concession in Bulgaria , on the list of company's important markets.
Participating on the transacting of Totolotek, Intralot's CFO Andreas Chryssos said that typically the move went into line using its strategy to disinvest from non-core markets together with focus the attention for its proper markets, such as the USA. Mr. Chryssos continued to say that this transaction 'will create importance for all involved parties. '
The very Gauselmann Party will grow its footprint to the Improve sports bet market as soon as the deal has got the necessary company approval. Often the group is probably the largest betting operators inside Europe as well as been constant in its usually pursue development across numerous regulated stores .