January 6 (SeeNews) - Serbian betting company Maxbet said it will acquire all El Dorado slot clubs from Bargame, a subsidiary of Bulgaria’s CT Gaming, for an undisclosed sum, becoming the leading arcade and slots operator in the country.
The deal is subject to regulatory approval but MaxBet hopes to close the acquisition in the first quarter, it said on Thursday in a LinkedIn post which refers to an article in British sports betting portal SBC news.
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“We firmly believe in the further growth and development of the slot business segment and the successful implementation of our business skills and experience in running companies in the industry,” Maxbet CEO Darko Zivanov was quoted as saying.
Corporate law firm Schoenherr said on Thursday that it advised Maxbet in connection with their investment in El Dorado.
MaxBet was established in 1997 and operates in Serbia, Montenegro, Bosnia’s Serb Republic and North Macedonia.