Is Mybet mulling sale of its online business?

In a stock exchange advisory the German-listed gambling group Mybet Holdings SE has revealed that it is discussing a possible sale of its online gambling division with a “strategic investor”.

The deal has the support of Mybet’s Supervisory Board, which has approved an arrangement that could see Mybet divest all digital assets operated under the mybet.com domain. The company seeks  a ‘high-single digit Euro million’ price for its digital assets, with the unidentified strategic investor securing the exclusive rights of the mybet brand for future operations.

If the sale of mybet.com is completed, current operating company Mybet Holdings SE will continue to manage the firm’s B2B services and as well as its European retail shop/stationary betting point locations utilising the mybet brand for an ‘extended period of time’.

Related and similar