Esports Entertainment Group expands reach, tech with acquisition

Esports Entertainment Group Inc. announced its second acquisition of the month, saying its Malta-based subsidiary has agreed to acquire another Malta-based online casino, Lucky Dino Gaming Ltd.

The deal has a price of approximately $30 million, and is expected to be financed through a debt facility.

The new deal gives Esports Entertainment, which has its U.S. headquarters in Newark, access to a premium casino platform, including proprietary technology.

“Over the past five years, Lucky Dino has evolved from a single brand, white-label casino operator into a multibrand, class-leading casino operator and technology business,” Esports CEO Grant Johnson said in a prepared statement. “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.”

Esports Entertainment announced the acquisition of Esports Gaming League earlier this month.