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Gaming Innovation Group Acquires Askgamblers

PRIVATEDec 15, 2022

Acquiring Company

Gaming Innovation Group

Acquired Company

AskGamblers

St. Julian'sGamingGambling Facilities and Casinos

Description

Gaming Innovation Group Inc. (GiG) has today signed an agreement to acquire the casino affiliate websites Askgamblers.com, Johnslots.com, Newcasinos.com and several smaller domains from Catena Media Plc. The total consideration is EUR 45 million, of which EUR 20 million will be paid in cash on closing, EUR 10 million twelve months after closing and the EUR 15 million balance 24 months after closing. Closing is expected in Q1 2023.

Other recent acquisitions in Gaming and Gambling Facilities and Casinos

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Gaming Innovation Group

Location

St. Julian's, Central Region, Malta

About

Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group's vision is 'To be the industry leading platform, sportsbook and media provider delivering world class solutions to our iGaming partners and their customers. GiG's mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com SOURCE Gaming Innovation Group

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Frequently asked

Who acquired AskGamblers?

AskGamblers was acquired by Gaming Innovation Group, based in St. Julian's. The deal was reported on December 15, 2022. Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Gaming Innovation Group is privately held and operates in Gaming.

When did Gaming Innovation Group acquire AskGamblers?

Gaming Innovation Group's acquisition of AskGamblers was reported on December 15, 2022. Gaming Innovation Group Inc. (GiG) has today signed an agreement to acquire the casino affiliate websites Askgamblers.com, Johnslots.com, Newcasinos.com and several smaller domains from Catena Media Plc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does AskGamblers do?

AskGamblers is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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