GamblersPost Gamblers Post is a dedicated news and networking portal in the online gambling industry which features news, opinions, interviews as well as product and software reviews.
Esports Entertainment Group sealed another major deal in 2020 announcing the £22.2m deal for the acquisition of Malta-licensed operator Lucky Dino Gaming.The operator runs four brands under its Malta licence – Lucky Dino, Olaspill, Kalevala Kasino and Casino Jefe – which are powered by proprietary technology. In July Esports Entertainment acquired Sportnation operator Argyll Entertainment.
As well as building up its real-money gaming arm, Esports Entertainment has also acquired significant land-based and online tournament infrastructure, most notably through a $43m deal to acquire B2B software business ggCircuit and esports centre operator Helix eSports.
Esports Entertainment Group’s CEO Grant Johnson commented: “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.
In addition to further strengthening our tech stack, Lucky Dino’s assets will give us a substantial foothold in multiple new jurisdictions across Europe and Scandinavia where esports are extremely popular, and with Lucky Dino’s 30,000 monthly active casino players we will have tremendous cross-selling opportunities with our SportNation and Vie.gg betting platforms.
Lucky Dino has generated an impressive track record of growth, reporting an 86% compound annual growth rate on revenue for the five years ended June 30, 2020.
With opportunities to realise synergies across shared back-office functions, payment processing and more, we are in a great position to build upon Lucky Dino’s notable EBITDA performance. Ultimately, we will look to bring this exciting online casino platform to the US in the future alongside our vie.gg esports offering”.
