Wed. Jun 19th, 2024

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Bethard Group Limited buy for Esports Entertainment Group Incorporated

Maltese eSports and online gambling firm Esports Entertainment Group Incorporated is continuing the industry’s recent mergers and acquisitions trend by announcing the signing of a deal to purchase iGaming operator Bethard Group Limited for $19.5 million in cash.

Headquartered in the Valletta suburb of Birkirkara, the buyer used an official Tuesday press release to detail that the agreement is expected to close from the first day of July and also see former owner Gameday Group receive 12% of its newest acquisition’s net gaming revenues until the end of 2023.