Net Gaming acquires Maxfreebets.co.uk

Net Gaming acquires Maxfreebets.co.uk

Net Gaming has completed the acquisition of Maxfreebets.co.uk for an initial fee of €1.6m (£1.4m/$1.8m).

Published 3rd July 2019

The deal, which will be settled in cash from existing reserves, also includes a maximum additional consideration of €600,000 based on performance over the next 12 months.

Net Gaming has said that maxfreebets.co.uk, together with Bettingonline.co.uk, will be its betting flagship in the regulated UK market.

Maxfreebets.com promotes a range of online gambling offers and bonuses to consumers in the UK.

Marcus Teilman, chief executive of Net Gaming, said: “I am very pleased to make this betting acquisition, as we have strong confidence in long-term growth generation from our betting vertical.

“Through the acquisition, we increase our presence in the strategically important regulated UK betting market, while also strengthening our organisation within the betting vertical.

“We see good potential in the acquired assets.”

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