The Multi Group Ltd. has been acquired by 500.com
The Multi Group has sold a 93% stake to 500.com, a leading online sports lottery service provider in China, for a total cash consideration of approximately US$56 million.
Headquartered in Malta, The Multi Group operates Multilotto.com, which is considered one of the top online lottery betting and casino platforms in the Nordic countries where it holds substantial market share. Operating under a Curacao eGaming license, Multilotto offers players the ability to bet on the outcomes of several of the world’s largest lotteries through its proprietary and scalable platform. The Multi Group was recently granted remote gambling licenses from Malta, remote operating licenses from the UK and a remote bookmaker’s license from Ireland, all of which will further strengthen its market position and ability to rapidly expand into new geographic regions.
500.com Limited (NYSE: WBAI) is a leading online sports lottery service provider in China. It offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. 500.com was among the first companies to provide online lottery services in China, and is one of two entities that have been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority that oversees the issuance and sale of sports lottery products in China.
Oaklins' Swedish and Shanghai-based teams were the advisors on this transaction.
Talk to the deal team
Related deals
123.tv has been acquired by DVC Partners
123.tv, a digitally driven home and live shopping and e-commerce platform with a unique live auction format offered on its own TV channels and digital platforms, has been acquired by DVC Partners, a pan-European private equity firm.
Learn moreNiscon Inc. has been acquired by SGPS ShowRig
Niscon Inc. has been successfully acquired by SGPS ShowRig, a global provider of staging, rigging and automation for live entertainment. The acquisition reinforces SGPS Showrig’s commitment to pushing the boundaries of innovation in the entertainment industry. By adding Niscon’s unique motion-control technology to its portfolio, SGPS Showrig strengthens its ability to deliver cutting-edge, precision-driven solutions.
Learn moreOSL has been acquired by Terma
OSL Group Limited, a leader in counter-drone security and safety systems, has been acquired by Terma AS, a Denmark-based global provider of mission-critical solutions for defense, aerospace and security.
Learn more