French gambling operator France Pari announced today that it has acquired Spanish online sports betting and gaming company Suertia. The deal’s terms were not disclosed but the buyer said in a statement on the matter that the acquisition came as part of its strategy to expand its presence across European jurisdictions.
France Pari currently operates in France, Belgium, and Malta. The gambling company said in its statement that the purchase of a company with such a great potential for further growth in Spain’s dynamic sports betting market opens a new development stream. France Pari further noted that it will be able to act directly as an operator and to provide its sports betting technology to other gambling companies operating within Spain.
The French gambling operator expects that the acquisition deal will have an immediate positive effect on group revenue and earnings and that full-year revenue will exceed €100 million for the year ended December 31, 2017.
Commenting on the transaction’s completion, Suertia former owner and CEO Eduardo Losilla said that he is glad to be selling his company to a rapidly growing international operator that will maintain its team, spirit, and values that have led it to its initial success.
Based in Toulouse, France Pari was among the first French sports betting companies to have been greenlighted by the country’s online gambling regulator, ARJEL, to operate within its borders. The company received its license in June 2010 and has since then been providing various online sports betting options. As mentioned above, France Pari has also been acting as a B2B supplier of gambling-related content with JOA, NetBet, and ZEBET being among its clients.
As for Suertia, it has been licensed by the Dirección General de Ordenación del Juego, or Spain’s gambling regulator, and has been authorized to provide online slot games, poker, blackjack, live roulette, sports betting options, and bingo. Most recently, the gambling operator announced that a selection of games by Spanish online casino provider MGA has gone live on its website.
As mentioned above, the gambling company was founded by businessman Eduardo Losilla back in 2011.
