William Hill has announced plans to buy Sweden-based gaming company Mr Green for 2.82bn Swedish Crowns (£241.81m).
The Gaming and betting giant reporedly offered 48.5 per cent premium to its closing share price on 30 October.
The development comes at a time when other gaming companies in the UK are also shifting focus to other countries as stricter regulation eats their revenue and profit.
Mr Green, also known as MRG, holds remote gambling licences in Denmark, Italy, Latvia, Malta, Britain and Ireland.
“MRG will provide William Hill with an international hub in Malta with market entry expertise and strong growth momentum in a number of European countries,” said Philip Bowcock, William Hill’s chief executive officer said in a statement today.