Raketech strengthens its global sports portfolio and footprint in the fastgrowing US market Gaming

Raketech strengthens its global sports portfolio and footprint in the fast-growing US market

Rocketch, a friend for effective Igaming Marketing, has announced the acquisition of a company that focuses on sports promotions and strategically important markets and the increase in the United States. By acquiring P & Amp; amp; AP; P Vegas Group Inc., it is important to increase the presence of Rocketch in the PicksandParlays. net South American Chibstaire Association. Apart from this, the company has acquired all the assets of QM Media AB and is related to OnlineCrocketBetting. net, the main site of cricket gambling. The total acquisition is 16 million euros, which will be paid for the release of cash and new promotion when transactions are completed.

At the end of the acquisition of Raketech, the profits from the United States will increase about twice, and the profit from India is expected to reach 5-10 % of the profit for the entire group in the fourth quarter of this year. There is. Apart from this, in the fourth quarter of this year, it is thought that location from sport s-oriented will reach within 30 % of the total profits.

Adjustable acquisition costs are 16 million euros based on no n-banks and debt bases, and the required amount of 7 million euros that will be repaid by the release of 9 million euros and 3. 881, 968 new promotion RAKETECH. The number of Rocket Tech Promotion was decided based on the promotion of the 3 0-trading date of the 30 transaction date until July 5, 2021. Apart from this, Rake is banned from resale 24 months after the transaction is over. Acquisition costs will be about 5, 6 times the EBITDA in the past 12 months and a coefficient of about 3, 8 times the salvage.

With the acquisition of P & Amp; Amp; AP; P Vegas Group, headquartered in Ohio, Rocketch is a regional team consisting of six employees with valuable knowledge of sports betting experts and the US sports market in the United States. Get it. Picksandparlays has a powerful position in public networks, online, and videos, providing hig h-quality sports betting content in the South American market for more than 10 years, exciting the monthly users within 500, 000. The current flow of the host is associated with the user's subscription and resale monitoring (advice), and at the same time, Rocketchi can add a classic affiliated company to increase the increase in help. , I want to save it.

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"Thanks to these acquisitions, we have solved strategically important issues. Thanks to these acquisitions, the benefits of major sports, interests from hig h-growing markets, presence in the United States, and diverse assets. Apart from the new profits, Lake Tech has introduced a partner marketing in all states. The talented and dedicated teams who participate are looking forward to the fusion of our own efforts and our central operating room and further accelerating growth.

Cricket popularity is growing around the world, and India is considered to be one of the important markets. The QM Media AB has signed a cricket lead partner contract with Sports Rates and has made great profits. The brand; OnlineCrocketBetting. Net has acquired more than 1 million original users during large events such as IPL. With the acquisition of OnlineCrocketBetting. net, Rocketch not only borrowed important space in the cricket betting field, but also a popular position in the Indian market. In addition to cricket assets, a portfolio of sports assets focusing on Northern Europe is also considered to be part of the purchase.

The QM media's CEO, CEO, said, "In a ti e-up with Rocketch, the company's established infrastructure can be used to utilize our powerful brands and market positions. There is no doubt that the partnership with the location will definitely use our powerful brands and market positions.

At the time of the transaction on September 15, 2021, the acquisition will be paid by the current Rocketc h-Valuta funds and will be borne by the Rocketch Credit Part. Since September 15, 2021, employees Pamp; AP; Pegas Group Co., Ltd. will be the location of the location of the location.

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BALLY’S ENTERS INTO MERGER AGREEMENT WITH AFFILIATES OF STANDARD GENERAL L.P.

BALLY'S CORPORATION is the main promotion of the company equivalent to the US dollar per BALLY'S promotion (hereinafter "Standard General"), which is the main holder of our regular promotion. ) A formal merger contract (hereinafter, "this merger") has been announced. This award is 71 for 3 0-day weighted average price per promotion ($ 15 per promotion per promotion) as of March 8, 2024, the final trading date before the first cash provision of Standard General. It means the premium of %. Instead of receiving foreign currency royalty, Bally's promotion holders can choose to save all or part of their BALLY'S promotions in rollover. Of the Bally's shareholders, shareholders who have chosen to hold all or part of their sel f-investment in BALLY'S will survive as a merger company (defined below). As a result of this transaction, the price of Bally's is about $ 4. 6 billion. The merger company will survive as a public company registered under the Securities Law in 1934.

As a result of this merger, Bally's merges with The Queen Casino & Amp; amp; amp; amp; amp; amp; amp; amp; amp; amp; e). QC & Amp; Am is a regional casino operating company, which is owned by a fund operated by Standard General (hereinafter "merged company"). QC & Amp; AMP; including Casino Queen in Illinois, Queen Marquette in the Store, Baton Baton Rouge in Baton Rouge, Los Angeles 3 Own four casinos in the state It is operated. QC & amp; Am has a renovation plan for two of the four facilities owned, and is expected to be completed by 2025, achieving significant organic growth. The group will expand the company's casinos and resort businesses into 19 gaming, entertainment, and hotel complex facilities in 11 states in the United States, and will strengthen their development projects through several attractive plans.

Special Committee Chairman Jamin Patel said, "After detailed review by the Special Committee, with the assistance of external financial and legal consultants, we have determined that Standard General's financial consideration will deliver significant direct value to its shareholders. We look forward to working with Standard General and the QC& E team throughout the merger." Robson Reeves, CEO of Bally's, said, "Our team continues to execute on initiatives to deliver our resorts (C& amp; r), while we have every opportunity to continue executing our development plans, including the construction of a permanent resort casino in Chicago, for which we recently announced our combined financing plans. The additional real estate properties resulting from these mergers to our 15 existing casinos across the country will introduce further geographic and market diversity to our portfolio.

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In connection with the transaction, in addition to Standard General, Sinclair Broadcast Group Inc. ("Sinclair") and Noel Hayden have committed to maintain merger and share transfer elections, which will result in the transfer of at least 47% of the outstanding shares of a fully separated Bally to United Company.

The BALLY BALY Board of Directors' Independence and Relationship Committee (hereinafter referred to as the "Special Committee") was assessed by independent financial and legal advisors in the evaluation of the combination of this merger and this merger, and the merger was BALLY. He decided to contribute to the best benefits of the Shareholders (excluding Sinclair and Sinclair and NOEL HAYDEN), and made a consolidation to the Board of Directors to accept the merger. In accordance with the special committee's recommendation, it is recommended that the Bally's Board of Directors will approve the merger and approve the merger to shareholders. The elements that the Special Committee take into account the unanimous decisions will be described in the public documents submitted by Bally. The Special Committee and the Bally's Board of Directors have made recommendations on cash rewards and will not make a final election. < SPAN> BALLY BALLY Board of Directors' Independence or Furials Special Committee (hereinafter "Special Committee") was associated with independent financial and legal advisors for the assessment of the merger and the combination of this merger. Judged to contribute to the best benefits of BALLY and its shareholders (excluding Standard General, Sinclair and NOEL HAYDEN), and congratulated the Board of Directors to approve the merger. In accordance with the special committee's recommendation, it is recommended that the Bally's Board of Directors will approve the merger and approve the merger to shareholders. The elements that the Special Committee take into account the unanimous decisions will be described in the public documents submitted by Bally. The Special Committee and the Bally's Board of Directors make a recommendation on cash rewards and do not recommend the final election. BALLY BALLY Board of Directors' Independence and Relationship Committee (hereinafter referred to as the "Special Committee") under the evaluation of the combination of this merger and the merger, the merger of the BALLY is Bally. He decided to contribute to the best benefits of the Shareholders (excluding Sinclair and Sinclair and NOEL HAYDEN), and made a consolidation to the Board of Directors to accept the merger. In accordance with the special committee's recommendation, it is recommended that the Bally's Board of Directors will approve the merger and approve the merger to shareholders. The elements that the Special Committee take into account the unanimous decisions will be described in the public documents submitted by Bally. The Special Committee and the Bally's Board of Directors make a recommendation on cash rewards and do not recommend the final election.

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Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

Raketech strengthens its global sports portfolio and footprint in the fast-growing US market. Raketech, the iGaming performance marketing partner, today. American market's gross gaming revenue is expected to reach USD Innovation Group, Raketech, Acroud and. XLMedia. Trends powering our. In tandem with M&A comes a retained focus on the US sports betting and igaming market. Raketech CEO Oskar Mühlbach stepped down in January.

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