Entain’s £122m ($159m) acquisition of Angstrom Sports activities got here days after Poland authorized the BetMGM guardian’s £750m ($981m) takeover of STS Holdings. [Image: Shutterstock.com]
Entain has introduced the acquisition of US sports activities forecasting and information analytics agency Angstrom Sports activities for a complete consideration of £81m ($106m) “plus contingent funds totaling a most of £122m” ($160m). The information comes simply days after the agency obtained approval for an additional acquisition totaling £750m ($981m), and simply months after one other $150m buyout.
The Isle of Man-headquartered international gaming big shared a information launch of the Angstrom deal on Monday by way of Twitter:
Chief Govt of Entain Jette Nygaard-Andersen stated the Angstrom deal will profit “BetMGM’s US sports activities betting providing:
notably within the fast-growing markets of parlay and in-play wagering.”
On Thursday, Poland’s Workplace of Competitors and Shopper Safety cleared the FTSE100 group’s £750m ($981m) acquisition of STS Holdings. When information of the deal for the Polish sportsbook operator first broke in June, shares in Entain dropped 10%. The value has since risen 4% to £1,257.50 however stays down 7% for the 12 months to this point.
Two months prior, Entain acquired Israeli sports activities betting app 365scores for $150m. The full spend on the three sports activities betting offers alone involves roughly $1.2bn, with the purchases of Angstrom and 365scores designed to provide the Entain-co-owned BetMGM an edge within the US betting market.