Enlabs: Making a Strategic Acquisition

Research Note



Redeye argues that the acquisition of 29.9% of the shares in Global Gaming is a strategic play by Enlabs. We believe the primary goal for Enlabs is the NinjaCasino brand that has a strong position in Finland and Estonia, which are well-known countries for the company. Furthermore, a relaunch of NinjaCasino in Sweden could become a jackpot. Overall, we appreciate that the company´s strong cash position is put into work.



Jonas Amnesten

Kristoffer Lindström

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