Enlabs: Strong Comeback
Redeye raises the fair value of Enlabs on the back of a strong comeback in Latvia, tailwind for online gambling, and a strategic acquisition. The second quarter was a real challenge for Enlabs as all gambling licenses were suspended in Latvia for 2/3 of the quarter. Meanwhile, we are seeing a changed player behavior that benefits online-focused companies, and Enlabs is also taking part in the consolidation of the gambling industry.