iGaming Business – Online gaming and betting provider mybet Holding has sold its stakes in Spanish companies Digital Distribution Management (DDM) and Digital Distribution Management Iberica (DDMI).
The sales come after Sven Ivo Brinck, who was appointed because the sole member of the firm’s management board in late 2013, announced earlier this year that mybet could be realigned.
In a statement, Brinck said the verdict to sell was in line with plenty of reasons, including a negative outlook for future profitability of the businesses.
“In order to make mybet competitive for the long haul, we implemented numerous measures in recent months for optimising its structure and lengthening efficiency,” Brinck said.
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