Ladbrokes owner in $1bn Baltic expansion bid

Entain is understood to be pursuing a takeover of Estonian company Olympic Entertainment Group, which has operations in countries including Estonia, Latvia, Lithuania, Slovakia and Italy

Entain made an indicative offer in recent weeks of more than €880m for the Estonian company, which runs casinos and online gambling sites in the region, according to sources.

Ladbrokes owner Entain is understood to be pursuing a takeover of Olympic Entertainment Group, one of the Baltic region’s largest gambling companies.

Entain made an indicative offer in recent weeks of more than $1bn (€880m) for the Estonian company, which runs casinos and online gambling sites in the region, according to sources.