OPAP Investment Ltd has pre-agreed to acquire a 36.75% stake in the mother company of GML Interactive, TCB Holdings Ltd (‘TCB’), for a consideration of 50 million Euros, subject to the relevant betting regulatory clearance. TCB offers, through its 100%-owned subsidiaries, online gaming services in Greece and Cyprus, under the Stoiximan brand, and in Romania and Germany, under the Betano brand.
OPAP has also reached a pre-agreement with TCB to make an additional investment to acquire joint control with TCB in the Group’s Greek and Cypriot operations. This investment is subject to the satisfaction of various conditions precedent, including clearance by the competent gaming regulatory and anti-trust authorities and the performance of due diligence. Once the due diligence is concluded, the terms of the investment will be crystalized and the full details will be disclosed.
With this development GML enters a new era, stronger and more confident than ever, aspiring to produce an even stronger footprint on the economy, the society and sports.