An unexpected announcement was issued by GAN Incorporated, a prominent sportsbetting network with international appeal. It was confirmed by the “Game Account Network” that completion of contract acquisition for CoolBet has been sustained. CoolBet is being acquired by GAN Incorporated for $177 Million, with monetary finalization coming by Q1 2021.
Executives with Game Account Network finalizing acquisition negotiations shows that GAN Incorporated is surviving the Covid Crisis. It’s one of the first acquisition announcements of the last six months, with most sportsbook operators selecting to suspend their growth to retain reserve funds. Acquisition indicates that GAN Incorporated had the monetary wealth to sustain growth & reserve funds without drastic concerns.
Executives with Game Account Network finalizing acquisition negotiations shows that GAN Incorporated is surviving the Covid Crisis. It’s one of the first acquisition announcements of the last six months, with most sportsbook operators selecting to suspend their growth to retain reserve funds. Acquisition indicates that GAN Incorporated had the monetary wealth to sustain growth & reserve funds without drastic concerns.
Unsurprisingly, GAN Incorporated selected CoolBet because it holds prominence in Eastern Europe. Those registered with the sportsbook are introduced to eSports, Poker, and Casino games. All products sustained by CoolBet will become ownership of GAN Incorporated, including gambling licenses. Operational licenses for Sweden, Malta, and Estonia will become signed over to GAN Inc.
What’s beneficial about this announcement is that sportsbetting services created by CoolBet are being integrated over to GAN Incorporated, a prominent casino in the United States. Transfer of those services is being initiated by Q2 2021 for GAN Incorporated, meaning American bettors will have an updated selecting of games & sportsbetting content from the “Game Account Network” by March next year.
Contract Details
Acquisition negotiations guaranteed that personnel with CoolBet would continue their employment & that eighty-four thousand consumers would be honored with the change of ownership. When questioned on what GAN Incorporated thinks of CoolBet’s sportsbetting platform, the Chief Executive office emphasised the service is “Best-in-Class”. CEO Dermot Smurfit also noted that over the coming years, GAN Incorporated looks forward to creating a reliable & strong-willed partnership with CoolBet.
Sentiments from Dermot Smurfit clarified that the Game Account Network is entering a new period of growth & development, that throughout the Post-Covid Era, they’ll become an influential brand that is known worldwide by bettors. It’ll be hard for Dermot Smurfit to accomplish this task, with few having before. Reaching a level similar to William Hill or Bet365 is challenging.