Mybet, the provider of sports betting and igaming titles headquartered in Malta, has announced it is in talks with a strategic investor over a joint venture.
The potential partner is a sports betting and online casino games provider and a non-binding exclusivity agreement, lasting for 30 days with a further optional 30-day extension, has been signed.
The objective is to establish a joint venture, with Mybet Holding SE owning 51 per cent of the shares.
After that, the investor will contribute equity in a medium single-digit million range to serve predominantly to finance future investments in market activities. Mybet is to contribute its online business.
