Esports Entertainment Group has teamed up with Akur Capital to back its ongoing merger and acquisition strategy.
The gaming operator has formed a new partnership with independent capital markets consultant Akur Capital to support its continuous merger and acquisition strategy.
Under the agreement, Akur Capital will serve as an advisor to Esports Entertainment Group on all M&A activities in the online gaming sector.
Akur Capital is a cross-border M&A advisory firm that specializes in the online gambling and sports betting sectors.
“We recently signed an agreement with Akur and have already begun assessing several potential M&A opportunities they have presented to us,” said Grant Johnson, CEO of Esports Entertainment.
“The Akur team has years of experience in online gambling and betting, as well as extensive industry connections,” he clarified.
“As the first online gambling company listed on the Nasdaq in the United States, we are well-positioned to take advantage of these highly fragmented markets, and we believe Akur will be a valuable partner in our continued success.”
Esports Entertainment declared on Thursday that they will be acquiring the online gambling and gaming operator Argyll Entertainment before the end of July. This follows the signing of a definitive agreement for the purchase.
The company had previously revealed in May that they had signed a binding letter of intent to acquire LHE Enterprises, the parent company of Argyll. The details of the transaction have not been revealed.
Johnson labeled the deal as a “major turning point” for the company.
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