Fortuna Entertainment Group (FEG) is continuing its expansion across central and eastern Europe through the acquisition of a majority stake in Lithuanian omnichannel gambling operator TOPsport.
Revealing the transaction on LinkedIn, the group’s CEO Deiter John did not disclose the sum but said it represents a “record investment” for FEG’s parent company, Penta Investments.
John said TOPsport, which has a 24-year history and “highly online-driven model,” reported EBITDA of more than €65m in 2025.
‘Perfect match’ for FEG’s ambitions
“TOPsport’s strong digital footprint, longstanding market leadership and deep local expertise make it a perfect match for our ambitions,” he said.
“Their 24 year history and highly online-driven model give us a powerful platform to accelerate our growth, enhance our product offering and bring even more value to our customers and partners.
“This step also reinforces our commitment to responsible gaming and regulatory excellence. Together, we will continue to uphold the highest standards and build on the principles that define how we operate as a group.
This acquisition is a major step in our strategic roadmap. I am proud of the work our teams have done to make this possible and excited for what we will achieve together with our new colleagues in Lithuania.”