Nakiki SE signs LOI for casino lawsuits

German funder Nakiki SE has signed a letter of intent to take over a portfolio of casino and sports betting lawsuits worth up to EUR 6.3 million (plus interest of at least EUR 800,000 and costs). The lawsuits have been brought against online casinos which are alleged to have operated illegally until 2021. If Nakiki takes over the portfolio and the lawsuits are successful, Nakiki is entitled to up to 25% of the proceeds.

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