Central Europe

X-TIP acquires Totolotek in Poland

Published

6 years ago

December 20, 2018

Niji Narayan

Reading Time: < 1 minute

XTIP Polska, a Poland-based gaming company is going to take control of Totolotek SA, a betting company based in the country. XTIP Polska has submitted the relevant application to the Office for Competition and Consumer Protection (UOKiK) on December 14.

XTIP Polska is a joint venture of Merkur Sportwetten GmbH and TMT Investments S.A.

Along with various other businesses, the Gauselmann Group also operates a network of CASINO MERKUR-SPIELOTHEK salons. The group is also active in sports betting, online games and casinos. TMT Investments is in turn an investment and consulting company. It has a number of investments in Poland.

Totolotek is a licensed mutual betting operator in Poland, which offers sports betting, betting on matches, dogs and horses racing. It is controlled by Intralot S.A. Totolotek SA is a company which is responsible for organising the Lotto draws.

According to surveys conducted by CBOS, in 2017 almost half of adult Poles played gambling games. Lotto is the most frequently chosen game for money, and 40 per cent of the lottery respondents participates in them.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.