Esports Entertainment Group has closed its acquisition of LHE Enterprises, the holding company of online sportsbook and casino operator Argyll Entertainment AG and its operating subsidiaries.
Argyll Entertainment launched its flagship brand sportnation.bet in the summer of 2017 and has established itself as an innovative gaming company within the UK and Irish market.
Grant Johnson, CEO of Esports Entertainment Group, said: “Acquisitions are an important component of our growth strategy and completing our first acquisition as a NASDAQ company is a tremendous milestone for us.
“Argyll generated $12m in revenue in 2019 and with its base of more than 100,000 registered users, combined with the deep domain knowledge of its accomplished team, we have a strong foundation to build upon as we seek to capitalise on the wealth of opportunities ahead in this rapidly growing market.”
