Lucosky Brookman client Esports Entertainment Group, Inc. Closes $30 Million Acquisition of Lucky Dino Gaming Limited
The Firm is pleased to announce that its client Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW), an esports entertainment and online gambling company, has completed its acquisition of the business assets of Lucky Dino Gaming Limited ("Lucky Dino"), an established Malta licensed online casino operator with its own proprietary casino platform. The $30 Million deal was financed through cash raised in an equity offering in February.
"Over the past five years, Lucky Dino has evolved from a single brand white-label casino operator into a multi-brand, class-leading casino operator and technology business," commented Grant Johnson, CEO of Esports Entertainment Group. In acquiring Lucky Dino's assets, the Company now has access to a premium casino platform based on modern microservices architecture for superior simplicity, scalability, and flexibility.”
Lucosky Brookman acted as corporate and securities legal counsel to the Company.