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Esports Entertainment Group: Acquires Lucky Dino, for $30M

December 28, 2020

The estimated $30m deal (approx. €25m) expected to financed through a debt facility procured by the company
Over the past five years, Lucky Dino has evolved from a single brand white-label casino operator into a multi-brand casino operator and technology business
With the acquisition of its assets, Esports Entertainment will have access to a casino platform based on modern microservices architecture
Lucky Dino also provides a proprietary technology stack that includes affiliate marketing software, payment servers, and a CRM system
They generated $21m revenue and $3.8m EBITDA in FY20 and forecasted to generate $24m revenue and $5m EBITDA in FY21 and $29m revenue and $6.5m EBITDA in FY22
In addition, Lucky Dino’s 30K monthly active casino players will give a big cross-selling opportunity with the SportNation and Vie.gg betting platforms