Advised on acquisition of betting services company

Motieka & Audzevičius team assisted the listed company Lifland Gaming in the acquisition of 100% of shares in Baltic Bet – a betting services company in Lithuania.

The transaction required deep insight into the gambling industry, including online gambling.

We have prepared legal due diligence reports, coordinated financial and tax due diligence process and cooperated with financial brokers in order to swiftly implement the acquisition.

Successful closing of the deal resulted in the buyer entering the Lithuanian online gambling market where, without any doubt, it will turn the tables and provide solid competition to current online gambling providers.

This transaction is further confirmation of the client’s appreciation of our team’s expertise in the gambling industry.