As Veltyco Group PLC (LON:VLTY) announced on 1 February 2018, the Company entered into an exclusivity period regarding the potential acquisition of Ruleo Alpenland GmbH, a company that operates the BTTY branded sportsbook in Germany and Austria.
Following the completion of due diligence by Veltyco and recent developments regarding the German licence program that could impact on BTTY going forward, the Veltyco Board has decided to terminate the negotiations with Ruleo and will now not pursue the acquisition of BTTY.
Veltyco Group Plc is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
