Esports Entertainment Group has announced that its Malta gaming licensed subsidiary, Esport Entertainment (Malta) Limited, has completed the $30m acquisition of the business assets of Lucky Dino Gaming Limited.
The deal was finalised through cash raised in an equity offering in February, and sees Esports Entertainment Group gain access to Lucky Dino’s premium casino platform.
“Over the past five years, Lucky Dino has evolved from a single brand white-label casino operator into a multi-brand, class-leading casino operator and technology business,” said Esports Entertainment Group CEO Grant Johnson.
“In addition to further strengthening our tech stack, Lucky Dino’s assets will give us a substantial foothold in multiple new jurisdictions across Europe, particularly in Scandinavia where esports are extremely popular, and with Lucky Dino’s 25k monthly active casino players we will have tremendous cross-selling opportunities with our SportNation and VIE.bet betting platforms.”
Lucky Dino, a Malta-licensed online casino operator, reported revenue of $21.5m and EBITDA of $4m in FY20. Its proprietary technology stack includes payment servers, affiliate marketing software and a comprehensive CRM system.
“Ultimately, we will look to bring this exciting online casino platform to the US in the future alongside our VIE.bet esports offering,” added Johnson.