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Berlin-based online betting operator for sports and casinos Mybet has signed a legal “non-binding sheet” with an unnamed investor, which is a harbinger of the signing of a contract of sale. The new owner is expected to acquire 100% of the B2C business of Mybet – Personal Exchange International and PNO Casino for several million euros.
“In this context, the investor will acquire full and exclusive online rights to the brand “Mybet”. In the process Mybet is allowed to continue to use these rights in the amount necessary to continue its remaining business services B2B services, as well as for the offline billing points”, – said in a statement Mybet.
Earlier, Mybet stated that “the difficulties that are encountered” in the online business in the main markets of the company – in Greece and Ghana – led to lower than expected earnings and profits. In April, Mybet postponed the expected date of publication of its annual and consolidated financial statements for 2017.
