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.