Mybet offloads stakes in Spanish companies

Spain 2iGaming 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 as the sole member of the firm’s management board in late 2013, announced earlier this year that mybet would be realigned.

In a statement, Brinck said the decision to sell was based on a number 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 increasing efficiency,” Brinck said.

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