IRVINE: GAN Limited, a leading business-to-business supplier of internet gaming software-as-a-service solutions to the U.S. land-based casino industry, announced the completion of the Vincent Group (Coolbet) acquisition for a total purchase price of €149.1 million in cash and stock, as adjusted pursuant to the Share Exchange Agreement. Highlights: Dermot Smurfit Commented: “The completion of the…
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GAN Limited sings agreement to acquire Coolbet for €149 million
IRVINE: GAN Limited has signed a definitive purchase agreement to acquire Vincent Group p.l.c. (Coolbet) for a total consideration of approximately €149 million, a news release said. The acquisition is expected to close in the first quarter of 2021, subject to regulatory review and the satisfaction of certain closing conditions. GAN expects to fund the…