Core Viewpoint - Adventure Box Technology AB has entered a non-binding Letter of Intent to acquire a portfolio of iGaming assets, marking its entry into the marketing and affiliate vertical, which is expected to enhance revenue and profits while driving long-term growth [1][2][5] Strategic Expansion into the Marketing and Affiliate Vertical - The acquisition aligns with Adventure Box's strategy to diversify its gaming portfolio and capitalize on the growing online casino sector, resulting in a 200% increase in Gross Gaming Revenue (GGR) over the past 12 months [2] Financial Overview of Project Quantum - Project Quantum's unaudited management reports indicate a 2024 revenue of approximately €12,500,000 and €4,500,000 of EBITDA, with all figures to be confirmed by third-party auditors prior to closing [3] Transaction Details - The total consideration for the acquisition is €15,000,000, with the deal expected to close by March 31, 2025, subject to due diligence and regulatory approvals [4] Transformative Growth - The CEO of Adventure Box stated that the acquisition is a transformative step, providing invaluable marketing expertise and management talent, which will enhance customer value and lay the foundation for sustainable expansion [5] Next Steps - Upon completion, Adventure Box will integrate operations into its existing framework, unlocking synergies in marketing and operational efficiencies, reinforcing its position in the gaming industry [6]
Adventure Box Technology AB Enters into Letter of Intent to Acquire High-Performing iGaming Marketing and Affiliate Company
Globenewswire·2025-03-04 07:40