Fortuna Entertainment Group (FEG) has acquired a 70% stake in Topsport, Lithuania's leading omnichannel gaming operator, marking a significant expansion into the Baltic region for the Czech-based group.
Topsport holds a commanding 54% share of the Lithuanian market and has operated in the country for 24 years. The company reported EBITDA exceeding €65m ($75m) in 2025, underlining its position as one of the region's most established gaming businesses.
The deal is described as one of the most significant foreign investments in Lithuania in recent years and represents a record transaction for FEG's parent company, Penta Investments.
Reflecting on the development, FEG Group CEO Dieter John characterised the move as part of a long-term growth strategy, stating: “Topsport’s strong digital footprint, long-standing market leadership and deep local expertise make it a perfect match for our ambitions.
"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. 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!”
The Lithuania deal follows a series of recent moves by the group, including its October 2025 acquisition of a majority stake in Montenegrin operator Lob, the December 2025 launch of Highlight Games' Soccerbet virtual football titles in Romania, and a January 2026 rollout of Gaming Realms' Slingo content in Croatia through its PSK brand.
Topsport has operated in Lithuania for over 24 years and currently holds an estimated 54% share of the country’s gaming market
