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RNS Number : 9012K Entain PLC 07 January 2021 7 January 2021 Entain plc ( " Entain " or the " Group " ) Entain extends into the Baltic Markets with £ 250m Offer for Enlabs AB Full year expectations upgraded Entain plc ( LSE : ENT ) , the global sports - betting and gaming group , formerly known as GVC Holdings , has today announced a recommended cash offer for Enlabs AB ( " Enlabs " or the " Company " ) . The acquisition further delivers on Entain's strategy of expansion across new regulated international markets . Highlights A recommended cash offer of SEK 40 for each Enlabs share This values Enlabs at around SEK 2.80 billion ( approximately £ 250 million ) ( 1 ) The offer represents a premium of approximately 15.6 % and 42.3 % compared to the volume - weighted average price of an Enlabs share during the last 90 and 180 trading days prior to the announcement of the offer , respectively The offer has been recommended by Enlabs ' board , and shareholders holding in aggregate approximately 42.2 % of the total number of Enlabs shares have undertaken to accept the offer Enlabs is an established and leading gaming company operating in fast- growing markets across the Baltics , with further growth opportunities across Eastern Europe and the Nordics Based on analyst consensus ( 2 ) for the year to 31 December 2021 Enlabs is estimated to generate net gaming revenue of € 89.5m ( c . £ 80.5 million ) and EBITDA of € 23.5m ( c . £ 21.1 million ) ( 3 ) The acquisition is expected to be earnings accretive in Entain's first full year of ownership Full year 2020 EBITDA is now expected to be in the range of £ 825m to £ 845m , representing an increase of 6-8 % compared to Q3 guidance Delivering Entain's growth strategy . Enlabs predominantly operates online sports - betting and gaming brands across the fast - growing Baltic region with a small retail presence . It is the market leader in Latvia , the second largest in Estonia and a top - five operator in Lithuania . In November 2020 Enlabs completed the acquisition of Global Gaming , which enables Enlabs to extend its operations into the Nordics through successful and proven gaming brands , including Optibet , Laimz and Ninja .