his transaction follows the recent increase in Betclic Everest Group´s interests in Mangas Everest to 66.66% on April 30, 2012. Betclic Everest Group had acquired a 60% stake in the poker and casino group in December 2009.
The acquisition of the remaining interest of Mangas Everest better positions Betclic Everest Group to meet the opening of European markets and regulatory developments of the online gaming market.
The group will continue to operate existing brands and Everest Poker and Betclic keep sharing a common liquidity pool.
Ignacio Martos, CEO of BetClic Everest Group, said with this transaction, BetClic Everest Group confirms its ambition to be a major European player in both the online poker and sports betting sectors. We are carrying on with the reorganization and rationalization of our business by pooling costs, building synergies and establishing major partnerships to better serve our players.