Monaco hotel invests in sportbet firm

Mangas Capital Gaming, which owns 75 percent of the UK online betting firm Betclick, will be half owned by Monaco hotel and land casino group Société des Bains de Mer soon following a deal involving Euro 100 million in investment that will enable Mangas to make further European online gambling acquisitions. Mangas is known to be talking to Scandinavian sports betting firm Nordicbet which is likely to be the next target.

Company officials said it is anticipated that the deal will be closed before the end of 2008.

Société des Bains de Mer has been looking to expand its land gambling interests into the online sector for some time.

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results