M&A

GAN plots Coolbet betting platform integration after $177m acquisition

Nasdaq-listed online casino supplier highlights turnkey integration and “significant revenue synergies” of deal

Nasdaq-listed GAN has sealed a €149m ($176.9m) cash-plus-stock deal to acquire Malta-licensed operator Coolbet parent company Vincent Group. The purchase, which is subject to regulatory review and approval, is expected to complete in Q1 2021. Coolbet’s proprietary sports betting technology will be integrated into GAN’s existing turnkey platform by H2 2021. “Coolbet is more than…

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