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82 million in cash and stocks so as to fully acquire fellow Swedish iGaming firm Global Gaming 555 AB. The also firm explained that this transaction took its total interest in the Malmo-based rival to slightly beyond 54% although it has since bought an additional tranche to take its aggregate shareholding up to 66.Read a statement from Enlabs AB…“The new group is estimated by Enlabs AB to have the capacity to take on larger projects with higher quality in the future....

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The enterprise additionally declared that the successful completion of the transaction will allow it to take advantage of ‘economies of scale and cost savings’ reaching as high as .’Advantageous amalgamation:Moreover the holder of a majority stake in Maltese online casino operator Shogun Group, Enlabs AB described Global Gaming 555 AB as ‘a challenger in the iGaming industry’ that has been ‘delivering innovative and safe gaming services’ in jurisdictions including Finland and Estonia. Enlabs AB supports the current overall strategy and focus of Global Gaming 555 AB’s operations and places great value in the work that its management and employees conduct, which is important for the continued successful development of the business....

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