Playtech has agreed to sell its assets of Happybet to NetX Betting, a subsidiary of the German operator pferdewetten.de.
The company being given the opportunity to contract with franchise partners for the Happybet shops in Germany, subject to negotiations with those franchise partners.
Playtech closed the Austrian Happybet business in the second half of 2024, and then announced in March 2025 that it had started a process to sell the remainder of the business in Germany.
There will now be a transition period to allow pferdewetten.de to negotiate with the relevant franchise partners and for regulatory approvals to be sought from the competent authorities in Germany.
Any remaining Happybet assets not transferred to pferdewetten.de will cease operations and, where relevant, will be wound up.
