March 19, 2011

Redbet announces second acquisition

Swedish online gambling provider Redbet Holding AB has announced that its Redbet Gaming Limited subsidiary has finalised the purchase of Scandinavian online gambling brand DoubleCardrooms.com through an asset deal.

The acquisition of the Malta-licensed brand follows Redbet’s purchase less than two weeks ago of Eastern Europe-focused i4Poker.com through a similar process and means that the Stockholm-based operator now has seven sites including TotalPoker.com and WhiteBet.com.

“The acquisition of DoubleCardrooms.com is the second acquisition in a short time,” said Jorgen Andersson, Chief Executive Officer for Redbet Holding.

“Our expansion efforts consist of both organic growth and acquisitions. We are actively seeking acquisition opportunities opened up by the consolidation of the gaming market both in new and existing markets.”

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