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ahaWorld in Deal With Elk Studios
AHA WORLD TO CARRY ELK STUDIOS CONTENT
And in acquisition talks with Hispanic online sports betting operation.
Swedish gaming operator ahaWorld will integrate a new portfolio of gaming content from ELK Studios following a deal announced earlier this week.
The games will be integrated to ahaWorld’s Ahabingo.com and Ahacasino.com operations.
"ELK Studios games portfolio is perhaps the most interesting portfolio of next-generation slot games in the casino market,” Krister Bergström, president of Aha World, said.
In related news, ahaWorld AB has signed a letter of intent with regard to the acquisition of an unidentified Latin American-focused online sports betting operator.
The initial phase involves the acquisition of a 51 percent majority share in the business followed by further options at 12 months and 24 months.
AhaWorld will finance the deal through the issue of new shares equivalent to a 25.5 percent dilution in the company. The consideration at each acquisition phase will be valued at 6 times EBIT in the sports betting business which generated net sales of Euro 2,4 million and EBIT of around Euro 1,15 million over the past 12 months.
“With their respective expertise and organization, we have the opportunity to bring new verticals to each other which will effectively increase joint revenue," Bergström said.
Gambling News :
ACR $15 Million OSS Cub3d -
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Swisslos and Betradar in Deal -
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Americas Cardroom offering mouth-watering value -
It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.
Coolbet Joins Mpn -
Coolbet, owned by the Estonian company StayCool OU, is a sportsbook driven brand with its own developed platform and sports software. In addition to sports, it offers casino and live casino gaming, and as of this week, poker.
RMG AND SIS EXTEND PARTNERSHIP -
RMG manages the rights of many of the leading British racecourses, while SIS holds the horseracing rights to all Irish racecourses, plus Chelmsford City Racecourse in the UK.
Novomatic and Betradar in Deal -
With ICE just a few days away, NOVOMATIC has announced a partnership with leading sports betting solutions provider Sportradar to develop an innovative line of sports betting products and services.
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