The acquisition is expected to close in the first quarter of 2021, subject to regulatory review and the satisfaction of customary closing conditions.
Gan Limited (https://gan.com/) is a US Nasdaq listed leading business-to-business supplier of internet gaming software-as-a-service solutions primarily to the US land-based casino industry.
Vincent Group p.l.c. is a Maltese public limited company that operates an online gaming platform under the flagship brand Coolbet (www.coolbet.com). Coolbet’s proprietary platform was uniquely developed in-house and offers online real-money gaming in sports, casino, poker, and virtual e-sports. Currently, Coolbet has gambling licenses in Estonia, Sweden and Malta.
Links to media coverage:
- Nasdaq: GAN Limited Announced Agreement to Acquire Coolbet
- Gaming Awards: Coolbet Sold to GAN For €149 million
- Casino.org: GAN Buying Coolbet for $175 Million, Adds Online Sportsbook Platform
- Time24.news: Betting company started by a Norwegian is sold for billions