Veltyco abandons sportsbook acquisition on Germany licence fears

Lead generation firm says it can’t justify €6.5m deal due to changes in licensing programme

Lead generation firm Veltyco has nixed its previously announced acquisition of Germany and Austria-facing sportsbook BTTY after completing its “due diligence” on the German market. Veltyco said this morning it was put off by “recent developments regarding the German licence program that could impact on BTTY going forward”. Specifically, Veltyco said there were doubts over…

Germany | M&A