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Sportsbook

Net Gaming Makes UK Betting Acquisition

Tuesday 02 de July 2019 / 14:14

2 minutos de lectura

(Stockholm).-- Net Gaming has acquired maxfreebets.co.uk, which together with bettingonline.co.uk will become the Group's betting flagship in the regulated UK betting market.

Net Gaming Makes UK Betting Acquisition

Net Gaming is paying an initial purchase consideration of EUR 1.6 million, with a maximum additional consideration of EUR 0.6 million based on performance over the next 12 months. With the full additional consideration, this corresponds to an EBITDA multiple of about 3.4. The acquisition will be settled in cash from existing reserves, with completion on 1 July 2019.


"I am very pleased to make this betting acquisition, as we have strong confidence in long-term growth generation from our betting vertical. Through the acquisition, we increase our presence in the strategically important regulated UK betting market, while also strengthening our organisation within the betting vertical. We see good potential in the acquired assets," comments Marcus Teilman, CEO of Net Gaming.

Categoría:Sportsbook

Tags: Sports Betting, Sportsbook , Net Gaming,

País: Sweden

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

Fast Track pushes innovation and customisation in the iGaming industry at GAT Expo 2024

(Cartagena de Indias, Exclusive SoloAzar) - At GAT Expo Cartagena 2024, Fast Track stood out with its innovative CRM solutions designed specifically for the iGaming industry. Muriel Le Senechal, Solutions Consultant at Fast Track spoke about her good experience at the show, the exceptional feedback at Fast Track's booth, which impressed visitors with its real-time data integration and AI and finally reflected on GAT's 25th anniversary as an evolution in the Latin American gaming industry.

Thursday 18 Apr 2024 / 12:00

Rocío Moitino from AIR DICE: “GAT has developed into a key event for the industry”

(Cartagena, SOLOAZAR Exclusive).-After AIR DICE's visit to the twenty-fifth edition of GAT Expo Cartagena 2024 Rocío Moitino, the company's Sales Director, reviews with us the highest points of the successful exhibition that took place at the Center of Las Américas Conventions, Cartagena de Indias, Colombia.

Wednesday 17 Apr 2024 / 12:00

NOVOMATIC was the epicenter of innovation and entertainment at GAT Cartagena

(Gumpoldskirchen).– GAT Expo, one of the flagship events of the Latin American gaming industry, commemorated its 25th anniversary from April 9 to 11 at the Hotel Las Américas in Cartagena de Indias. As a platinum sponsor, NOVOMATIC dazzled with a superb display of solutions, led by the NOVOMATIC Gaming Colombia team, the local subsidiary of the Austrian Group, and with the participation of renowned executives from Peru, Serbia, Austria and Ecuador.

Wednesday 17 Apr 2024 / 12:00

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