Allwyn Cancels €217m Novibet Acquisition Following Hellenic Commission Objections
Allwyn International AG has announced the termination of its proposed €217 million acquisition of Novibet, a major Greek online sports betting and gaming operator. The decision comes after feedback from the Hellenic Competition Commission (HCC), which raised concerns about the potential for reduced competition in the Greek gaming market. The acquisition was initially intended to see Allwyn, the Czech gaming giant, acquire a controlling stake in Logflex MT Holding Limited, the parent company of Novibet. The deal would have marked a […] The post Allwyn Cancels €217m Novibet Acquisition Following Hellenic Commission Objections appeared first on World Casino News.
Allwyn International AG has announced the termination of its proposed €217 million acquisition of Novibet, a major Greek online sports betting and gaming operator. The decision comes after feedback from the Hellenic Competition Commission (HCC), which raised concerns about the potential for reduced competition in the Greek gaming market. The acquisition was initially intended to see Allwyn, the Czech gaming giant, acquire a controlling stake in Logflex MT Holding Limited, the parent company of Novibet. The deal would have marked a […]
The post Allwyn Cancels €217m Novibet Acquisition Following Hellenic Commission Objections appeared first on World Casino News.
