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

  • 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
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Visa and Ramp Boost Bill Pay Automation with Agentic AI

New integration aims to streamline corporate expense management processes.Highlights: Visa and Ramp announce partnership to automate corporate bill...

TikTok Seeks Financial Services Licenses in Brazil, Expanding Digital Reach

The platform aims to tap into Brazil's growing fintech market.Highlights: TikTok is applying for financial services licenses in...

CaixaBank Strengthens Crypto Investment Services for Clients

The bank expands its offerings to include digital asset investments.Highlights: CaixaBank introduces cryptocurrency investment services to its clients.Clients...

Monzo Shuts Down US Business to Focus on European Expansion

The UK-based fintech firm redirects efforts towards Europe amid challenges.Highlights: Monzo announces the closure of its US business.The...