Betsson boosts Baltic business with €6m Tonybet deal

Swedish operator Betsson has taken strides to strengthen its foothold in the Baltic Region, announcing its entrance into an agreement to acquire Lithuanian betting company Lošimų Strateginė Grupė, which trades as Tonybet in Lithuania. Betsson confirmed in a statement that it has taken control of Tonybet assets for an initial consideration of €4m, payable in cash upon completion and with a further €2m payable upon the meeting of certain o...