On February 17, Esports Entertainment Group, a Malta-based esports and online gambling company, reported that it had signed a share purchase deal on February 14, 2023 for the sale of its Bethard iGaming business, an operator of online casino and sportsbook brands licensed by Malta and Sweden, which the company acquired in July 2021.
The parties have agreed that the total payment for the purchase in the purchase agreement is around €9.5 million, consisting of €1.65 million in cash income payable to the company at closing, with an extra €6.5 million purchase payment attributed to the release of the company from paying its contingent liability under the acquisition of Bethard.
The parties have agreed that the total payment for the purchase in the purchase agreement is around €9.5 million, consisting of €1.65 million in cash income payable to the company at closing, with an extra €6.5 million purchase payment attributed to the release of the company from paying its contingent liability under the acquisition of Bethard.