GVC continues M&A spree with Crystalbet acquisition

Operator takes 51% stake in Georgia-facing firm for €41.3m and commits to acquire the remaining 49% in 2021

GVC Holdings has agreed a deal to acquire 51% of Georgia-facing operator Crystalbet for €41.3m, with a commitment to buy the remaining 49% in 2021 at a valuation of approximately €150m. The London-listed operator this morning announced it had reached an agreement to acquire a majority of the equity capital of Crystalbet-owner Mars LLC, with…

Crystalbet | Georgia | GVC Holdings | Kenny Alexander | M&A