Online gambling is booming, this company is sold for IDR 39 trillion

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posted on 8 months ago — updated on 1 second ago

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A French lottery company acquired a Malta-based online gambling group Kindred Group in a deal worth US$ 2.5 billion or around IDR 39 trillion.

Paketsolusi.com - The acquisition was announced on January 22, 2024. The French lottery company, FDJ, said the acquisition would help it expand its online gambling business.

Kindred Group is one of the largest online gambling groups in the world. The company operates a number of brands, including Unibet, Bwin, and 32Red.

The acquisition is the latest sign of the growing popularity of online gambling. The global online gambling market is expected to reach US$ 100 billion by 2025.

In Indonesia, online gambling is illegal including situs togel. However, the government has been unable to effectively crack down on the practice.

The acquisition of Kindred Group by FDJ is a significant development in the online gambling industry. The deal could lead to further consolidation in the industry as other companies seek to expand their online gambling businesses.