Fri. Mar 29th, 2024
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The Game Account Network (GAN) has acquired Coolbet for €149.1m ($175.9m).

The GAN announced of the deal recently while the two companies had reached an agreement in November 2020.

GAN’s platform provides for real money gaming solutions and its merger with Coolbet would GAN to access Coolbet’s sportsbook engine.

Jan Svendsen, the founder of Coolbet, will continue to run companies’ online gaming and sports betting operations in Northern Europe, Canada and Latin America.

As per Gambling Insider, GAN CEO Dermot Smurfit said: “The completion of the Coolbet acquisition brings together two best-in-class offerings in the iGaming space today, and makes a powerful combination by creating a fully-integrated offering, customizable for each client’s needs.”

He added, “Over the last few weeks, the GAN and Coolbet teams have spent significant time together outlining our exciting future and have grown even more confident in the numerous revenue synergies that we see across both platforms. We look forward to leveraging one of the most complete solutions in our industry both domestically and internationally, and believe our growth platform is well positioned to drive long-term shareholder value”, reported Gambling Insider.