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Entain bids $1bn for Baltic NBA betting partner

Entain bids $1bn for Baltic NBA betting partner

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Entain is said to be looking to take over the Olympic Entertainment Group, one of the Baltic region’s largest gambling companies. According to insiders, Entain recently made an indicative cash offer of over $1bn for the Estonian company, which runs casinos and online gambling sites in the region. Earlier this year, Entain acquired Swedish gaming company Enlabs AB with a view to Baltic expansion. Olympic is one of the few remaining assets of Novalpina Capital, also owner of developer of the controversial Pegasus spyware tool, NSO Group. The company has operations in Estonia, Latvia, Lithuania, Slovakia and Italy, Romania and Croatia. It owns more than 100 casinos runs online sites under the OlyBet and MaxBet brands. It is also the official betting partner of the US National Basketball Association in several markets.