This article was produced by Nabarro LLP, which joined CMS on 1 May 2017.
Nabarro has advised the existing shareholders of online sports betting operator, Pinnacle Sports Worldwide, on the sale of a controlling interest in the business.
Curacao based and licensed Pinnacle Sports is one of the world’s largest online sportsbooks that includes casino products. The company has customers in over 100 countries and is available in more than 15 different languages.
Leading the Nabarro team was Corporate partner Alasdair Steele who was assisted by Corporate associates Richard Lee and Elliot Jackson.
Commenting on the transaction, partner Alasdair Steele said:
"The online gaming market is a complex and growing business operating across many different jurisdictions. We were delighted to be able to draw on the firm’s extensive experience in the sector to help bring this transaction to a successful conclusion."
Law firm Mayer Brown acted as adviser to the purchaser.