Record growth and record valuation for Betit Group.

Today it was made public that the stock listed UK iGaming giant GVC Holdings has made a strategic investment of 3.5 million EUR for 15 % of the shares in the Malta based company Betit Holding Ltd, the parent company of iGaming company Betit Group Ltd. Betit has thus reached a valuation of just over 23 million EUR within five months from launching their first site Thrills.com. Further more, the parties have agreed that GVC will have the option to acquire the remaining 85% of the shares in Betit Holding Ltd. during 2017, based on a predetermined EBITDA multiple, but at a minimum price of 70