Enlabs: Making a Strategic Acquisition
Research Note
2020-06-09
07:20
Redeye argues that the acquisition of 29.9% of the shares in Global Gaming is a strategic play by Enlabs. We believe the primary goal for Enlabs is the NinjaCasino brand that has a strong position in Finland and Estonia, which are well-known countries for the company. Furthermore, a relaunch of NinjaCasino in Sweden could become a jackpot. Overall, we appreciate that the company´s strong cash position is put into work.
Jonas Amnesten
Kristoffer Lindström
Disclosures and disclaimers