Adventure Box acquires Lion Gaming for a purchase price of $45 million
Adventure Box Technologies is set to acquire Lion Gaming Group, a Canadian gaming services and betting company, for an estimated $45 million. The transaction is pending final approval and is expected to be completed in the second half of 2024.
With Lion's projected turnover of $33 million, Adventure Box aims to strengthen its presence in the global iGaming market.
The merger will create a significant player in the industry, according to Mads Jorgensen, chairman of Adventure Box, and expand the company's gaming capabilities, as stated by Michal Bendtsen, CEO.
Bendtsen believes that the acquisition will generate new revenue sources and drive growth for Adventure Box in the competitive gaming market.
12 June 2024, 14:56
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