In relation to its legal challenge against Sports Entertainment Media BV and related parties involved in the valuation of its Netherlands subsidiary, BetCity.nl, Entain Plc has released more information.
Entain is pursuing a legal challenge after accusing Sports Entertainment BV and the company's founders of hiding information about regulatory violations at BetCity.nl.
Entain gave a preliminary estimate of the damages, which ranged from €68 million to €156 million, resulting from the former owners' breach of the deal covenants.
Entain is pursuing a legal challenge after accusing Sports Entertainment BV and the company's founders of hiding information about regulatory violations at BetCity.nl.
Entain gave a preliminary estimate of the damages, which ranged from €68 million to €156 million, resulting from the former owners' breach of the deal covenants.