Games News
Paddy Power Betfair acquires majority stake in Adjarabet_1
In a move that further diversifies its European online business, London-listed retail sports betting and gaming operator, Paddy Power Betfair PLC (PPB:London) has acquired an initial 51% in one of the Eastern European nation of Georgia‘s leading operators, Adjarabet, for €116 million (US$132.9 million).
According to The Irish Times…
In a Friday note to Euronext Dublin, the company said it expects to purchase the remaining 49% stake in the Georgian market leader after three years via mutually agreed upon option arrangements.
Marketing exclusivity:
Licensed in the Georgian market to offer a complete suite of online gaming and betting products, including peer-to-to-peer games, poker, sports betting and c…
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