Esports Entertainment Group has forged a new alliance with Akur Capital to bolster its ongoing merger and acquisition strategy.
Esports Entertainment Group, an online gaming operator, has formed a new partnership with Akur Capital, an independent capital markets consultant, to aid its ongoing merger and acquisition strategy.
Under the terms of the agreement, Akur Capital will serve as an advisor to Esports Entertainment Group for all mergers and acquisitions endeavors in the online gaming realm.
Akur Capital is a cross-border M&A advisory firm specializing in the online gaming and sports betting sector.
“We have recently inked an agreement with Akur and have already assessed several potential M&A prospects they have presented to us,” stated Grant Johnson, CEO of Esports Entertainment Group.
“The Akur team possesses years of expertise in online gaming and betting, as well as extensive industry connections,” he elaborated.
“As the inaugural online gambling company to be listed on the Nasdaq in the United States, we are well-situated to leverage these highly fragmented markets and believe Akur will be a valuable collaborator in our continued prosperity.”
Esports Entertainment declared on July 7th that they would complete the acquisition of online betting and gaming operator Argyll Entertainment by the end of July. This follows the signing of a formal pact.
The firm had previously revealed in May that they had signed a binding contract to purchase Argyll’s parent company, LHE Enterprises. The specifics of the deal have not been disclosed.
Johnson labeled the agreement a “significant step forward” for the company.
Subscribe to the iGaming newsletter.