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Monday 07 February 2022 4:39 pm|Updated:Monday 07 February 2022 6:04 pmLadbrokes-owner Entain snaps up Canadian rival for pound;174mBy: Charlie ConchieCity EditorShareFacebookShare on FacebookXShar stanley cup website e on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferre hydro flask canada dso hydro flask sale urce on GoogleDigital gambling giant Entain has snapped up Canadian rival Avid Gaming in a deal worth C$300m pound;174m , the firm announced today.The FTSE 100 gambling giant, which owns Ladbrokes and Coral, said it had acquired Avid Gaming from Middlebrook Investments as it gears up for an expansion in Canada.Entain bosses said in a statement: Canada is a highly attractive and fast-growing sports betting and gaming market.Together with Entainrsquo application for an Ontario licence, this acquisition provides an excellent opportunity to drive further growth, in line with the Grouprsquo growth and sustainability strategy. Entain added that Avid Gamingrsquo flagship Sports Interaction brand, Canadarsquo leading online sports betting site, was highly complementary to Entainrsquo existing Canadian business, made up of the Party and bwin brands.Jette Nygaard-Andersen, CEO of Entain plc, said: Sports Interaction is the leading Canadian sports betting and gaming brand and is aligned perfectly with our own ambitions of great customer service and ambitious growth, coupled with an unwavering commitment to sustainability.Read mo |
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