Gambling Clear News
The Juroszek family, former owners of Polish betting operator STS Holdings, are to become the largest shareholders in igaming supplier Gaming Innovation Group (GiG) with an 11.08% stake. The Juroszek family opted to buy shares in the “undervalued” GiG following last month’s announcement that they would be selling a 70% stake in STS to the
Better Collective has acquired American sports media company Playmaker HQ for $54m (£42.6m/€49.5m). The sale will consist of $15.0m in cash upfront, $1.0m in deferred payments and up to $38.0m in performance-based earnout payments over a three-year period. To reach the full earn-out payments, Playmaker HQ will have to generate more than $75.0m in accumulating
Online payments service provider Trustly completed the acquisition of UK-based open banking payments platform Ecospend. Financial terms of the agreement were not disclosed, but it was confirmed that the deal was able to complete following approval from the UK’s Financial Conduct Authority. Together, Trustly and Ecospend’s capabilities will include connectivity with more than 80 banks
Special purpose acquisition corporation (SPAC) IG Acquisition Corp (IGAC) has ended talks with online gaming operator PlayUp over a merger and planned listing on the Nasdaq stock exchange. Plans for the listing were announced in September last year, with PlayUp and IG Acquisition Corp having entered into a business combination agreement and also agreed terms on
