Dentons has advised City Loft LLC, the owner of Adjarabet, the market leader in online betting and gaming in the regulated market in Georgia, on Adjarabet’s EUR 206million acquisition by Paddy Power Betfair plc of an initial 51% controlling stake.

Adjarabet is licensed to offer a full suite of online betting and gaming products in Georgia including casino, sports, poker and peer-to-peer games. During 2017, the business also launched in the regulated Armenian online market.

Avto Svanidze, head of the Tbilisi corporate team commented: “Dentons is proud to have been part of the advising team. Taking the overall size of the transaction this was likely one of, if not the largest ever Georgian M&A transaction.”

For more information, please see Dentons official website: www.dentons.com 

About Dentons

Dentons is the world’s largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons’ polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com