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Enlabs has completed its acquisition of KDB Games Ltd, a licensed land-based gaming operator in Belarus, in order to apply for a license for online gaming.
The purchase price for all shares in KDB Games amounts to approximately 127 thousand euros. In 2018, KDB Games had 240,000 euros in revenue and 30,000 euros in net profit. KDB Games is deemed to meet the requirements of the legislature in Belarus to be able to obtain an online license.
“We are very pleased to have completed the acquisition and thus be able to start work on the license application, and we expect to launch during the first half of 2020. As we previously communicated, we do not believe that the acquisition will have an immediate impact on our results, but it is an acquisition in line with our strategy of expanding to regulated growth markets in the CIS region,” Robert Andersson, President and CEO of Enlabs said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Enlabs Finalises Acquisition of KDB Games
