Fortuna snaps up 70% stake in TOPsport to expand into Lithuania

M&A

Fortuna Entertainment Group are set expand into Lithuania through the acquisition of a 70% stake in TOPsport, the leading company in the country with a 54% market share and 24 years of industry expertise.

In 2025, the company reported an impressive EBITDA of over €65 million. This acquisition represents one of the most noteworthy foreign investments in Lithuania in recent years, further solidifying our presence in the Baltic region and setting a record for FEG’s parent company, Penta Investments.

TOPsport offers a robust digital infrastructure that enhances FEG’s scale, technology, and G4 certified responsible gaming standards.

As our Group CEO, Dieter John, stated: “Entering Lithuania by acquiring the country’s market leader is a decisive step in our long-term growth strategy. The Baltics hold tremendous potential for FEG, and this forward-looking investment will create substantial value for our customers, partners, and teams in the years to come.”

RECOMMENDED