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Malta – Esports Entertainment získava Lucky Dino

Esports Entertainment has signed an asset purchase agreement to acquire the business of Lucky Dino Gaming, an established Malta licensed online casino operator with its own proprietary casino platform. The estimated $30m deal (€25m) is expected to be financed through a debt facility procured by the company.

Lucky Dino generated $21m revenue and $3.8m EBITDA in FY20 and are forecasted to generate $24m revenue and $5m EBITDA in FY21 and $29m revenue and $6.5m EBITDA in FY22.

RB Capital were the sell-side advisors for Lucky Dino, an M&A advisory group and brokerage that specialise in the gaming sector.

„Za posledných päť rokov sa Lucky Dino vyvinul z jedného značkového prevádzkovateľa kasína s bielou značkou na prevádzkovateľa kasína a technologického biznisu s viacerými značkami vo svojej triede,“ povedal Grant Johnson, generálny riaditeľ Esports Entertainment Group.

“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 per cent CAGR on revenue for the five years ended June 30, 2020,” continued Johnson.

“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 U.S. in the future alongside our vie.gg esports offering.”