Internet Gaming has acquired maxfreebets.co.uk, which along with bettingonline.co.uk will grow to be the Group’s betting flagship within the regulated UK betting market.

Internet Gaming is paying an preliminary buy consideration of EUR 1.6 million, with a most extra consideration of EUR 0.6 million primarily based on efficiency over the following 12 months. With the total extra consideration, this corresponds to an EBITDA a number of of about 3.4. The acquisition might be settled in money from present reserves, with completion on 1 July 2019.

“I am very pleased to make this betting acquisition, as we have strong confidence in long-term growth generation from our betting vertical. Through the acquisition, we increase our presence in the strategically important regulated UK betting market, while also strengthening our organisation within the betting vertical. We see good potential in the acquired assets,” feedback Marcus Teilman, CEO of Internet Gaming.