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New Deal


Announced

Completed

Gaming Innovation Group completed the acquisition of Sportnco for $105m.

Financials

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Transaction Value£79m
Consideration TypeContingent Deferred Consideration, Ordinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Casinos and Gambling

Cross Border

France

Single Bidder

gaming solutions

Friendly

Acquisition

Private

Completed

Synopsis

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Gaming Innovation Group, a technology company, completed the acquisition of Sportnco, a platform provider of turnkey betting, for $105m. "We are tremendously excited to welcome Sportnco into Gaming Innovation Group product offering. The transaction accelerates our long-term vision to become a global leader in the provision of platform, sportsbook and media services to the iGaming industry. The hugely complimentary regulatory profile and high-quality sportsbook that Sportnco have, rapidly expands both companies short- and long-term addressable market. Herve and the team at Sportnco have built a fantastic company over the last decade, creating a great product and working in a range of competitive regulated markets and have a proven track record of success. We are very excited to combine the two companies' offerings and accelerate our growth potential," Richard Brown, GiG CEO.

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