Betterbet Sportwetten acquires Betbull operations

German sportsbetting firm Betterbet Sportwetten GmbH has acquired Betbull Holding SE subsidiaries WettenLeip GmbH, OST Outsourceing & Trading, Penalty Sports Entertainment and Primebet for around Euro 7.4 million.

Dependent on the award of a German sports betting licence by a June 2015 deadline, a further Euro 1.5 million may be payable.

BetterBet is headed up by Mathias Dahms, president of the newly formed German Association of Sportsbetting.

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