16 February, 2022

OPTIBET acquires a gambling operator known by trade mark “Klondaika”

Skrastiņš & Dzenis team advised OPTIBET on the recent acquisition of FURORS, a company operating in the gambling business under the brand name “Klondaika”. As a result, OPTIBET now solely controls 100% of shares of FURORS.

The acquisition of FURORS is a strategic step of OPTIBET to strengthen its position in the market, expand online gambling and improve FURORS profitability.

OPTIBET is one of the most well-known brands in gambling services and a pioneer in online gambling services and responsible gaming tools in Latvia. Through its subsidiaries, OPTIBET operates also in Estonia and Lithuania. Currently, OPTIBET and its daughter company Laimz provides a variety of interactive gambling services online, including providing services for gambling machines, betting, bingo, cards and dice games online, as well as accepts bets at 11 in-store betting points in different cities of Latvia.

Skrastiņš & Dzenis team was led by partner Aivis Dzenis and included associates Jekaterina Kalniņa and Evija Ābele.

Key contact Aivis Dzenis

GDPR Compliance and AML
Corporate and M&A
Banking and Finance
Fintech

Experience

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Represented a client and reached a settlement in a corporate dispute

Skrastiņš & Dzenis dispute resolution team successfully represented the client in a corporate dispute started in 2004.

Advised a client on acquisition of aggregation of property

Skrastiņš & Dzenis acted as legal adviser to the client on acquisition of industrial real estate and movable property from the AS “Trasta komercbanka” in liquidation.

We advised client on acquiring sole ownership of a Latvian retail company

We are pleased to announce that Skrastiņš & Dzenis acted as a legal adviser to a retail company in a capital share acquisition project.

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Subject to the completion of the transaction Kesko Senukai will buy one of the largest Latvian e-commerce businesses – 1A and become one of the leading e-commerce companies in the Baltics operating online in all three Baltic states.

Skrastiņš & Dzenis has successfully represented travel agency “Kolumbs” and its majority shareholder in a shareholders’ dispute

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Skrastiņš & Dzenis advises Vienna Insurance Group on the acquisition of Seesam Insurance AS Latvian branch

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Skrastiņš & Dzenis” advised MyFitness on opening 3 new fitness clubs in Riga

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Skrastiņš & Dzenis team has successfully represented its client in complex settlement negotiations followed by the conclusion of settlement with AS “Prisma Latvia”

Skrastiņš & Dzenis senior partner, attorney-at-law Verners Skrastiņš engaged in and represented our client in complex negotiations with AS "Prisma Latvia".

Partner of law office Skrastiņš & Dzenis has successfully conducted redress proceeding of a “Vef Radiotehnika RRR”

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Skrastiņš & Dzenis has successfully represented SIA VJN Kapitāls in a shareholders’ dispute emerged more than a decade ago.

Valuable factory’s purchase transaction

Partners, attorney's at law of our law office have successfully represented a well known Latvian company's interests in acquisition of a fully functional construction materials factory.

A complex and lengthy real estate acquisition transaction has come to a close

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Skrastiņš & Dzenis represented clients in a valuable M&A transaction

Verners Skrastins and Vigo Krastins, partners of law office Skrastiņš & Dzenis, have successfully represented two Latvian legal entities in a valuable Mergers and Acquisitions transaction.