Betsson bolsters Baltic presence with TonyBet acquisition

The deal is worth up to €6m and will see TonyBet's Lithuanian arm migrate on to Betsson's in-house platform

Betsson AB has moved to strengthen its position in the Baltics with the acquisition of sportsbook operator TonyBet's Lithuanian business for up to €6m (£5.1m). The Group has purchased the privately-owned operator LoÅ¡imų strateginė grupė UAB, trading as TonyBet, in a cash deal initially worth €4m (£3.4m) and is expected to be completed within a…

Acquisition | Baltics | Casino | Estonia | Latvia | Lithuania | TonyBet