Acquisition of Portuguese gambling operator bet.pt by Entain plc (formerly GVC Holdings Plc)

Deal typeTransaction Services
IndustryRetail & Consumer & Technology & Media
Sub-industryBetting & Gaming
Client nameGVC Holdings Plc

BDO provided financial and tax due diligence services on the acquisition of the Portuguese gambling operator bet.pt by Entain plc (formerly GVC Holdings Plc) in October 2020. 

Bet.pt is one of the leading online betting and gaming operators in Portugal with a particular strength in sports-betting. The acquisition represents an expansion into a highly attractive and fast-growing gaming market in Portugal, and is a continuation of Entain's strategy to expand into new locally regulated markets.