Esports Entertainment (Malta) Limited, the Malta-based subsidiary of the Esports Entertainment Group, has completed the acquisition of LuckyDino Casino and all of its assets in a multi-million dollar deal.
The official press release of the deal explained that the acquisition was worth approximately $30 million. It was reportedly paid for using funds gained in an equity offering in February 2021. By buying LuckyDino Casino, the Malta-based eSports company has also gotten its hands on all of the assets as well. This includes the LuckyDino playing platform. This platform is used to host a huge amount of games and is also very flexible and user-friendly. Esport Entertainment (Malta) Limited will also gain LuckyDino’s technology stack. This is going to prove to be a valuable asset to the company. The online casino’s technology stack offers advanced customer support options and other capabilities.
This move will also help to oversee further development at LuckyDino Casino as well. Grant Johnson, the CEO of Esports Entertainment Group, went on to explain that the firm plans to take the business overseas in a bid to take on the American market at some point in the future. LuckyDino Casino has shown plenty of potential for growth, and it is likely that this caught the eye of the EEG in the first place. Between 2015 and June 2020, for example, LuckyDino reported an 86% compound annual growth rate. This is impressive by anybody’s standards.
Grant Johnson spoke further with great enthusiasm regarding the deal. He addressed the success of the operator in the past how the tech stack will be a great asset. LuckyDino Casino will be able to provide them access to new European jurisdictions. He also mentioned cross-selling platform potential that was created with the deal, especially in reference to EEG’s other companies, SportNation and VIE.bet.
It’s been a busy few months for EEG. In January, the company also oversaw the takeover of Esports Gaming League (EGL). This is a B2B provider of live sporting events and tournaments. EEG is a company that is looking to constantly expand. As well as iGaming, the firm also, as the name might suggest, operates in the eSports and eSports wagering sectors, and they are continuing to grow at a rapid pace.
LuckyDino is a popular online casino that is based in Malta. The site opened its virtual doors in 2014 and has been busy making a name for itself ever since. The online casino uses its own, independent platform, which it employs to host more than 1,000 games from the likes of Microgaming, NetEnt, Play’n GO, Yggdrasil, and more. It is also licensed by the MGA. This is a big selling point as it grants it access to key European markets. Besides being a great casino on desktops, it works fantastic on mobile and is very easy to navigate and use. This makes it a top all-around casino and one whose acquisition shouldn’t come as too much of a surprise. The casino has great potential and it looks set to fulfill that thanks to this exciting new moment in its history.