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Labrokes owner Entain offers to snap up Sweden s Enlabs
Labrokes owner Entain offers to snap up Sweden s Enlabs Jane Denton For Thisismoney © Provided by This Is Money MailOnline logo Ladbrokes and Coral owner Entain has made an offer to buy Sweden-based betting group Enlabs AB for around £252million, or $343million. The acquisition of Enlabs is perfectly aligned with our strategy of expanding across new regulated international markets, said Entain boss Shay Segev, who in November announced plans to exit unregulated markets by 2023. The offer of 40 SEK for each Enlabs share has surfaced days after Entain, previously known as GVC Holdings, rejected an £8.1billion, or $11billion, takeover approach from US-based gambling giant MGM Resorts.
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