23-04-2007 Redbet acquires Teletoto for EUR 1.55 million in an all-shares deal

As reported by the Gaming Intelligence Group, the Swedish online betting exchange has agreed to buy the Lithuanian company which operates 20 betting shops, with plans to introduce online gaming in the near future. "This acquisition provides Redbet with a strong position in the fast growing Baltic gambling market," commented Redbet CEO Jonas Sundvall.