MaxBet seals the deal, acquires El Dorado Slots Clubs

Posted: Jan 02, 2023 14:45 Category: M&A Action , Online , Sportsbetting , Posted by Matthew

MaxBet have reached an agreement to purchase the El Dorado Slot Clubs’ arcade properties. This is set to increase MaxBet’s presence in the Serbian domestic market.

El Dorado Slot Clubs receives warm welcome from Maxbet

MaxBet has confirmed that it reached a deal with BARGAME AD, a subsidiary of CT GAMING Bulgaria. MaxBet will be acquiring El Dorado Slots Clubs’ eleven arcade gaming properties located throughout Serbia.

Darko Živanov, MaxBet Group CEO.

The acquisition is significant from a strategic perspective.  This way, MaxBet, the parent company of MaxBet Kladionica betting points, will lead in the Serbian arcade and slot machine operations.

In a press release, Group CEO Darko Živanov commented on the MaxBet family welcoming El Dorado Slot Clubs. “We firmly believe in the further growth and development of the slot business segment and the successful implementation of our business skills and experience in running companies in the industry.”

This acquisition is a continuation of MaxBet’s strategy, mixing organic expansion with selected acquisitions in Serbia and the region.

Since its setup in 1997, MaxBet has expanded its operations beyond Serbia and Montenegro, including the Republic of Srpska and North Macedonia. The company’s rapid rise to the top of the region’s entertainment industry is a result of careful management and a long-term commitment to innovation, hiring experts and close collaboration with all relevant partners.

After 22 years and a string of successful multi-games, CT Gaming has become synonymous with performance, reliability and innovation. The company has over 900 employees and conducts business in more than 50 countries across five continents. The team is devoted to the improvement and diversification of your business through cutting-edge gaming solutions.

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