British gambling group Entain said on Tuesday it had agreed to buy online sports betting and gaming operator BetCity in a deal worth up to 850 million euros ($887 million) to build its presence in the Dutch market.

Entain, which owns the Ladbrokes and Coral betting firms, said it would acquire BetCity from Sports Entertainment Media B.V. for an initial consideration of 300 million euros plus a deferred contingent consideration of up to 550 million euros.