The state antitrust commission has approved the acquisition of Eurobet by Eurofootball, claiming that it will not result in market dominance of any of the companies as their activities do not overlap. Eurofootball holds permission to organize gambling with bets on sports games results while Eurobet organizes lotto games. The two companies expect that the takeover will reduce the illegal internet gambling and the illegal financial flows. Eurofootball would offer full range of products while Eurobet would expand the number of points for client servicing.
Source: Intellinews-Bulgaria Today