Esports Entertainment Group, Inc, a publicly listed, licensed online gambling company focusing on 18+ gaming and esports wagering, is to acquire LHE Enterprises Ltd, the holding company of online sportsbook and casino operator Argyll Entertainment AG.
The deal, whose amount was not disclosed, also includes Argyll’s operating support subsidiaries.
The company, which launched its flagship brand – sportnation.bet – in the summer of 2017, has grown within the the Irish and UK market. It today leverages a team of 40 people who have expertise in technology, risk management, marketing, and regulation in order to provide customers with a secure online gaming experience, rewards programs, and access to proprietary gaming and sports content. Argyll is incorporated in Switzerland, with support services in London, UK and Malta. It is licensed and regulated by the Irish Revenue Commissioners under licence reference no. 1014456 and the UK Gambling Commission under licence no. 000-045143-R-323955-001 to operate online sportsbook and casino sites in the Ireland and UK, respectively.
With Argyll already generating approximately $12m in revenue annually, the acquisition will have a major positive impact for Esports Entertainment Group. Most of us enjoy sports and are aware of the basic information related to the games we like to play or watch. Before placing any bet, do check-up the sports book review to find out how good a particular service is, compared to others and whether their odds for games are favourable or not. Most importantly, it is essential to analyse the different bonuses offered.
Led by Grant Johnson, CEO, Esports Entertainment Group (NasdaqCM: GMBL, GMBLW) offers fantasy, pools, fixed odds and exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. In addition, the company plans to offer users globally the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment Group holds a license to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands and maintains offices in Malta.