{"id":267,"date":"2024-06-27T21:01:42","date_gmt":"2024-06-27T18:01:42","guid":{"rendered":"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/"},"modified":"2024-06-27T21:01:42","modified_gmt":"2024-06-27T18:01:42","slug":"entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals","status":"publish","type":"post","link":"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/","title":{"rendered":"Entain Completes Enlabs Acquisition After Receiving Regulatory Approvals"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/dKKPi85Nr9c\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Entain has obtained all required authorizations from regulatory bodies to move forward with its takeover of Enlabs, a Baltic-facing operator.<\/p>\n<p>Entain initially presented its proposal in January, but some Enlabs minority stakeholders rejected it, arguing it significantly underestimated the value of the company. Entain recently raised its offer to 3.7 billion Swedish kronor ($364 million).<\/p>\n<p>A total of 51% of Enlabs shareholders with shares and voting rights have endorsed the enhanced offer, including Entain&#8217;s board and shareholders who hold 42.2% of Enlabs.<\/p>\n<p>Entain has now also received the necessary approvals from relevant competition and gaming authorities. These approvals were a prerequisite for the acquisition to proceed.<\/p>\n<p>The acceptance period for the offer will expire on March 18th, with Enlabs extending this deadline from the initial February 18th deadline to provide sufficient time to secure all necessary authorizations to finalize the transaction.<\/p>\n<p>However, Entain stated it could extend this acceptance period again to allow more time to fulfill all the conditions of the offer.<\/p>\n<p>Entain&#8217;s CFO and Deputy CEO Rob Wood previously stated: &#8220;Entain will be the optimal environment for Enlabs, its workforce, and clients.&#8221; <\/p>\n<p>In the past week, Entain Group announced that their income for 2020 remained nearly unchanged at \u00a33.63 billion. The growth in their online operations essentially offset the decline in their brick-and-mortar business. The firm received authorization following this announcement.<\/p>\n<p>Subscribe to the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Entain has obtained all required authorizations from regulatory bodies to move forward with its takeover of Enlabs, a Baltic-facing operator. Entain initially presented its proposal in January, but some Enlabs minority stakeholders rejected it, arguing it significantly underestimated the value of the company. Entain recently raised its offer to 3.7 billion Swedish kronor ($364 million). [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Entain Takes Over Enlabs: Baltic Expansion!<\/title>\n<meta name=\"description\" content=\"Entain secures regulatory approval and raises its offer to acquire Enlabs, a Baltic-facing operator, for $364 million.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Entain Completes Enlabs Acquisition After Receiving Regulatory Approvals\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Entain secures regulatory approval and raises its offer to acquire Enlabs, a Baltic-facing operator, for $364 million.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Winning Potential at Our Trusted Online Casino\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T18:01:42+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/\",\"url\":\"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/\",\"name\":\"Entain Takes Over Enlabs: Baltic Expansion!\",\"isPartOf\":{\"@id\":\"https:\/\/thegodofgambling.icu\/#website\"},\"datePublished\":\"2024-06-27T18:01:42+00:00\",\"dateModified\":\"2024-06-27T18:01:42+00:00\",\"author\":{\"@id\":\"https:\/\/thegodofgambling.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Entain secures regulatory approval and raises its offer to acquire Enlabs, a Baltic-facing operator, for $364 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/27\/entain-completes-enlabs-acquisition-after-receiving-regulatory-approvals\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/thegodofgambling.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Entain Completes Enlabs Acquisition After Receiving Regulatory Approvals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thegodofgambling.icu\/#website\",\"url\":\"https:\/\/thegodofgambling.icu\/\",\"name\":\"Unleash Your Winning Potential at Our Trusted Online Casino\",\"description\":\"Stay on top of the latest casino trends and insights with our regularly updated news, honest reviews, and expert articles. 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