Swedish mobile gaming operator LeoVegas has acquired Italy-licensed online gambling operator Winga.it from Finnish gambling operator PAF.

On Tuesday, LeoVegas announced that it had agreed to pay €6.1m cash for the Milan-based Winga, which offers a complete range of gambling products to its Italian customers. LeoVegas expects the deal to be complete by March 1, subject to approval by Italian authorities.

Winga reported revenue of €8m – half from its live casino operation – in 2016, and while it’s currently showing “a negative result,” LeoVegas says it has “identified a number of factors” that will turn that frown upside down.

PAF acquired Winga for an undisclosed price in 2015, and claimed at the time that Winga earned €10m in 2014, suggesting that Winga’s fortunes have dimmed. PAF CEO Christer Fahlstedt issued a statement on Tuesday saying PAF had lost interest in the Italian market and decided to sell after receiving “a generous offer.”