Esports Entertainment Group Inc (NASDAQ:GMBL) said it has closed the acquisition of LHE Enterprises Ltd, the holding company of online sportsbook and casino operator Argyll Entertainment AG.
Argyll Entertainment, which operates within the UK and Ireland, utilizes expertise in marketing, technology, risk management and regulation to provide an entertaining and secure online gaming experience.
The company won the Innovative Startup of the Year at the 2018 EGR Marketing & Innovation Awards after launching its flagship brand, sportsnation.bet, a year earlier.
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“Acquisitions are an important component of our growth strategy and completing our first acquisition as a Nasdaq company is a tremendous milestone for us,” Esports Entertainment CEO Grant Johnson said in a statement.
“Argyll generated $12 million in revenue in 2019, and with its base of more than 100,000 registered users, combined with the deep domain knowledge of its accomplished team, we have a strong foundation to build upon as we seek to capitalize on the wealth of opportunities ahead in this rapidly growing market.”
Argyll CEO Stuart Tilly and CFO Dan Marks joined Esports Entertainment’s senior leadership team in June as corporate secretary and CFO, respectively.
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