NA Proactive news snapshot: ESE Entertainment, Byrna Technologies, GlobeX Data, Deep-South Resources UPDATE …
A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive
ESE Entertainment Inc (CVE:ESE) (OTCQB:ENTEF) announced that it has signed a letter of intent (LOI) to acquire Digital Motorsports, an Irish company that provides infrastructure, technology, and support for the esports industry. The company said Digital Motorsports is one of the leading simulation racing companies worldwide, with demonstrated profitability and double-digit, year-over-year revenue growth. “Our shared vision of becoming the number one global brand for esports in the motorsports industry was paramount in coming together to sign the LOI. We are excited to work closely with Digital Motorsports to build on their existing business, focusing on increasing revenue and profit margins,” ESE Entertainment Kon
Bragg Gaming reports surging revenue in 1Q results; adds a pair of new directors to its board
During the quarter, the company launched nine new business-to-consumer operators and saw wagering revenue generated by its customers increase by 52% to $5.1 billion from C$3.4 billion Bragg s new directors are Holly Gagnon, a longtime gaming industry CEO, and Alex Spiro, a former prosecutor and chair of a sports investment platform
Bragg Gaming Group (TSX:BRAG, OTC:BRGGD) has released its first quarter financial results, revealing revenue that jumped by 62% year-over-year to C$20.9 million as unique users rose 54% to 2.4 million.
Adjusted EBITDA more than tripled year-over-year to C$3.4 million from C$1 million in the first quarter in 2020, and the company s net loss narrowed to C$1.5 million from C$6.8 million.
Wall Street finishes higher following better than expected jobs data
Market sentiment picked up on Thursday, allowing the main indices in New York to stage a rebound
4:16pm: Nasdaq cooled in the afternoon but still closed in the green
The blue chip index closed up 434 points, 1.3%, at 34,021. The Nasdaq improved 93 points, 0.7%, to 13,125, and the S&P 500 gained 49 points, 1.2%, to 4,123.
Apple Inc (NASDAQ:AAPL) shares gained 1.8% to $124.97, which helped the Nasdaw finish in the green, but losses from the likes of Tesla Inc (NASDAQ:TSLA) pulled the index down from its early morning high, including a brief dip into the red. Shares of the electric carmaker declined more than 3% to $571.69.
May 13, 2021, 1:03 pm ·
Gambling technology firm Bragg Gaming Group is set to acquire Reno, Nevada-based technology and iGaming content provider Spin Games in a deal that will strengthen the former’s US footprint and help it grow in that lucrative space.
Under the terms of a tie-up agreement between the two companies, Bragg would purchase Spin Games in a cash and stock transaction for a total purchase price of $30 million.
The deal will see the sellers of Spin Games receive
$10 million in cash and $20 million in common Bragg shares, of which $5 million worth in common shares will be issued upon the transaction’s closure and the balance would be issued over the next three years.
Bragg Gaming Group (TSX:BRAG, OTC:BRGGD), a global B2B gaming technology and content provider, is to acquire Spin Games LLC, a Reno, Nevada-based B2B gaming technology and content provider currently servicing the US market.
Throught the merger, Bragg has agreed to acquire Spin for approximately USD30m. Under the deal, the sellers of Spin will receive USD10m in cash and USD20m in common shares of Bragg of which USD5m in common shares will be issued on closing and the balance over the next three years.
The transaction, which will close following final approval from state gaming regulators and satisfaction of other customary closing conditions, will allow Bragg to diversify its revenue from European markets and establish US operating presence setting to capitalize on the growing US and Canadian online casino markets as also shown by