GAN acquires Coolbet for €149m
2 minutos de lectura
(London).- Game Account Network (GAN) has reached an agreement to acquire Coolbet for €149.1m ($176.9m), with the deal expected to close in the first quarter of 2021.
Based in Estonia, Coolbet offers online real-money gaming in sports, esports, poker and casino, and has gambling licenses in Estonia, Malta and Sweden.
Coolbet’s sports betting technology is expected to be integrated into GAN’s turnkey technology solutions for launch in the US online gaming market by the second half of 2021.
The deal is subject to closing conditions such as regulatory approvals, but has already been approved by GAN’s board of directors.
The agreement will also see GAN welcome over 175 global employees and over 84,000 active customers.
“From the onset of our IPO we have continued to enhance and perfect our internet gaming software-as-a-service solutions for the US market,” said GAN CEO Dermot Smurfit.
“As part of that growth strategy, we have been clear we needed to add a best-in-class sportsbook engine to round out our real money online gaming platform, and we believe Coolbet is the perfect fit for both GAN and our customers.
“We are excited to welcome the Coolbet team to GAN and look forward to building one of the most complete solutions in our industry. We view this acquisition as part of our unwavering commitment to shareholder value and our long-term growth strategy.”
Categoría:Others
Tags: Sin tags
País: United Kingdom
Event
GAT Expo CDMX 2025
28 de August 2025
Update on Mexico's Gaming and Raffles Law: Experts discuss its present and future at GAT Expo Mexico 2025
(Mexico City, SoloAzar Exclusive).- At the Expo Santa Fe Convention Center, gaming industry leaders analyzed the challenges and opportunities of the reform to the Gaming and Raffles Law, in a panel moderated by Rosa Ochoa of SCCG Management LATAM.
Tuesday 16 Sep 2025 / 12:00
GAT CDMX 2025: Experts Discussed Innovation in iGaming and Sports Betting in Mexico
(Mexico City, SoloAzar Exclusive).- As part of the GAT CDMX 2025 Institutional Academy, leading industry executives met in Mexico City to analyze the challenges and opportunities presented by innovation in online gaming, iGaming, and sports betting. Artificial intelligence, omnichannel, user experience, and the role of streamers were some of the central topics discussed.
Monday 15 Sep 2025 / 12:00
21Viral Strengthens Industry Ties and LatAm Expansion at GAT Mexico
(Mexico City, SoloAzar Exclusive).- At GAT Expo Mexico, 21Viral made a powerful impression through strategic networking, insightful participation, and a clear vision for growth across Latin America. Luz Serna, Head of Sales LatAm (i Gaming), highlighted the event’s rich academic content and the valuable alliances formed with key operators and stakeholders in the Mexican gaming industry.
Monday 15 Sep 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.