Charitable and community gaming solutions firm eQube Gaming has announced that it has extended its non-binding letter of intent to acquire all of the issued and outstanding shares of Norwegian bingo operator Teknobingo Scandinavia.
As reported by iGaming Business, eQube earlier this month said that it would not go ahead with the planned acquisition of Bingo Entreprenøren, despite having earlier signed a non-binding letter of intent.
However, the company has opted to extend a non-binding letter of intent with Teknobingo, with Kent Tong, eQube chief executive and director, stating that the acquisition “fits perfectly” with the firm’s plans.
Total considerations for the planned acquisition will be €4 million ($4.3 million).
“eQube’s goal is to become the leading provider of technology and operational tools in the global charitable and community gaming markets,” Tong said.
“Our acquisition of one of the leading eBingo software solutions fits perfectly within our growth strategy.
“We see immediate revenue-generating opportunities in key European markets using Teknobingo’s proven software platform.
“Our penetration into this market will further demonstrate the value of eQube’s suite of products and professional services directly to eBingo and related community gaming operations.”
source : www.igamingbusiness.com
