The world of eSports Betting is on the rise as the popularity of the sport is blowing up. Therefore, many gambling software and platform companies are trying to increase their market share to profit from it. Thus, Intema Solutions to Acquire Livestream Gaming is not a surprise to many gambling investors and speculators.
According to gambling industry news, Intema Solutions made an announcement about signing a letter of intent to acquire Livestream Gaming. In addition, they will acquire 100% of this real money gaming eSports company that is in Belize.
Intema Solutions to Acquire Livestream Gaming to strengthen their eSports Betting Market Share
Intema Solutions is a Canadian public company that specializes in holding technological businesses in various technology sectors. However, they have become known as an emerging eSports and iGaming company because of their development in iGaming platforms.
Livestream Gaming is a private corporation in Cyprus and is better known for owning LOOT.BET. LOOT.Bet is an eSports gambling website which holds a gambling license in Curacao. Thus, the acquisition of Livestream Gaming will strengthen Intema’s eSports Betting Market share with over 450,00 users.
According to sports betting forums, Livestreaming is made of 50 employees that specialize in operational and software development. Furthermore, they also sponsor several professional eSports tournaments, teams and eSports operators, studios and influencers.
With this acquisition, Intema Solutions can grow to the next level and allow them to expand into new gambling markets. Furthermore, the acquisition will increase their revenue stream. According to sports wagering insights, LOOT.BET had a betting handle of CND $92.2 million for 2020.
Gambling analysts believe Intema will pay $14.75 millions to acquire Livestream Gaming with cash and company shares. For Intema, this is not their first time buying other companies to increase their gambling market shares. This is because back in February, they bought HypeX.gg, an eSports tournament and social platform for $75,000 and 1,625,000 shares.
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