CLOSE
EXCLUSIVE Betting Bonuses
Telegram
Bookmakers Rating 
Player Ratings 
Biggest Bookmakers 
Bookmakers by Country 
Highest Odds 
Scam Bookmakers 
Bet Builder 
Cash Out 
Live Streaming 
Low deposit 
Fast Withdrawals 
No Verification 
Bookmakers Comparison 
Top 100 Bookmakers for 2024 
New Australian Bookmakers 
Best Canadian Sportsbooks 
Best UK Bookmakers 
Best USA Sportsbooks 
Bitcoin 
VISA 
Mastercard 
PayPal 
Paysafecard 
Skrill 
Neteller 
EcoPayz 
MuchBetter 
Apple Pay 
Best Sports Bookmakers 
Best Bookmakers for Football 
Basketball 
NBA 
Euroleague 
Cricket 
NFL 
Horse Racing 
Greyhound Racing 
Betting Bonuses 
Freebet Offers 
Mobile Bonuses 
Promo Codes 
Βitcoin Bonuses 
Bookmaker Offers 
Reload Bonuses 
Accumulator Offers 
Acca Insurance Offers 
Enhanced Odds Offers 
Best Odds Guaranteed 
VIP Bonuses 
Belgium 
Bulgaria 
Cyprus 
Denmark 
Finland 
France 
Germany 
Greece 
Ireland 
Italy 
Netherlands 
Norway 
Poland 
Portugal 
Spain 
Sweden 
Switzerland 
UK 
Ukraine 
India 
Indonesia 
Kuwait 
Malaysia 
Pakistan 
Qatar 
Singapore 
Thailand 
UAE 
Canada 
USA 
Australia 
New Zealand 
Brazil 
Kenya 
Nigeria 
South Africa 
Tanzania 
Uganda 
How to Bet for Beginners 
Advanced Guide to Sports Betting 
Professional Betting 
Crypto Gambling 101 
Sports Betting Calendar 
Betting Systems that Work 
Online Bet Calculators 
Betting Exchanges 
How to Bet on Tennis 
How to Bet on Cricket 
How to Bet on Politics 
How to Bet on Specials 
Bookie Finder 
Industry News 
Submit a complaint 
Bookmaker Deposit Methods 
Gambling Licenses 
In a recent move to gain access to the Baltic region, Mr Green signed an agreement with Latvian operator 11.lv that led to its acquisition. The rapid growth of the Baltics, including Estonia, Latvia and Lithuania, reached an impressive 45% last year compared to 2016, according to Mr Green's research. Capital Market's Day was when the company also announced a new re-branding move intended to create the profile of a more high-growth digital company. As of now, the company is called MRG.
What else will Change?
The CEO of MRG, Per Norman, announced that 11.lv's buyout is an important expansion into locally regulated territories, as the Latvian operator is the third largest in the area. In addition, he mentioned that the acquisition will be a huge step forward for both of MRG's brands, namely Mr Green and Redbet, and will help the company solidify its presence in the Baltics. 11.lv's products cover casino, live casino as well as betting through the use of a Latvian license with revenue of €944k and EBITDA of €162k in the first quarter of 2018.
MRG acquired 75% of 11.lv's shares for the price of €2.8m in cash. The remaining 25% is still in the possession of the 2 company founders. The company is based in Riga, Latvia and currently employs 15 people. According to a financial note by MRG that was released recently, the company demonstrated a 40% year-on-year revenue increase for the period 1 April - 22 May, with customer deposits also going up by 60%.
About MRG
MRG offers sports betting, online casino, live casino, bingo and keno through an MGA license while holding several other licenses in the UK, Italy, Denmark and Ireland. The company's online casino was officially launched back in 2008, with the headquarters being in Malta. MRG was one of the first few companies to introduce the concept of an online casino offering games from different providers, and today features around 700 titles from all well-known brands such as NetEnt, Play'n Go, Microgaming, Merkur, Playtech, Yggdrasil and Evolution.
