FORT assists in sale of a majority stake of 11.lv, a gaming operator licenced in Latvia, to MRG, a gaming operator listed in the Stockholm Stock Exchange
FORT advised a shareholder of 11.lv, the third leading online gaming operator in Latvia, in a transaction for sale of shares, where 75% of the shares were acquired by MRG, a gaming operator listed in the Stockholm Stock Exchange (Mr. Green).
Gaming operator 11.lv was incorporated in 2012. 11.lv has a licence for operating sweepstakes and betting issued by the Lotteries and Gaming Supervisory Inspection of Latvia, which guarantees a safe gaming environment compliant with all provisions of the law.
Per Norman, Chief Executive Officer of MRG, noted that 11.lv has a strong recognisability in Latvia and it will serve as foundation for recognisability of the company on pan-Baltic level either.