Poland’s Totolotek sports betting operation is only a competition watchdog’s rubber stamp away from becoming part of the Gauselmann Group.
Last December, Polish media reported that XTiP Polska, a joint venture of Gauselmann’s Merkur Sportwetten GmbH subsidiary and Warsaw-based professional investment and consulting group TMT Investments SA, had made a play to acquire Totolotek from its parent company, Greek lottery and betting operator Intralot.
On Monday, Money.pl reported that a share purchase agreement between Gauselmann and Intralot had been reached and the German firm had submitted an application to Poland’s Office of Competition and Consumer Protection (UOKiK) for approval of the deal. The application was reportedly filed on March 21.
Merkur Sportwetten CEO Niko Steinbraub issued a statement hailing the acquisition of Totolotek’s 260 retail points of sale as well as its popular online and mobile betting operations. Steinraub called the addition of a strong presence in Poland – accompanying the Merkur brand’s current operations in Germany, Australia, Denmark and Belgium – “an important part of our development strategy.”