AMGO iGaming AB, a gaming enterprise, will purchase the B2C label Jetbull from EveryMatrix for €2 million. Effective July 1st, 2019, Jetbull will be completely managed by AMGO.
Jetbull, a reputable gaming brand, utilizes EveryMatrix’s white label system to provide casino and sports wagering options. Having amassed over 600,000 registered users, it has witnessed substantial expansion in recent times. Jetbull will continue its operations using EveryMatrix’s licenses in Malta, the United Kingdom, and Denmark.
Ebbe Groes, EveryMatrix’s founder and CEO, stated that this divestiture aligns with their strategy of concentrating exclusively on being a software vendor for casinos, sports betting, payment processing, and platforms. They are confident that AMGO, with its expertise in overseeing numerous brands across diverse territories, is well-suited to further enhance Jetbull’s standing within regulated markets.
Our alliance with EveryMatrix has consistently been robust, and this accord signifies a fresh phase in our shared path,” stated Mads Jørgensen, Board Representative and Executive of AMGO. “We’re incredibly enthusiastic about this transaction and the strategic objectives we’ve established, all focused on generating worth for our stakeholders.”
Nicolas Fleiderman, formerly EveryMatrix’s Chief Commercial Officer and currently Group CEO of AMGO, brings extensive familiarity with the recently acquired entity: “This arrangement is the apex of substantial endeavor, and we possess a distinct vision of the cooperative potentials we can utilize to expedite expansion and enhance productivity. We’ve already assembled a committed group for Jetbull and are proactively seeking exceptional individuals to further propel their achievements.”
Viorel Stan, CEO of Jetbull, remarked, “The AMGO and Jetbull contingents already collaborate exceptionally effectively, and we’re entirely dedicated to guaranteeing a smooth changeover. This amalgamation will be pivotal in driving Jetbull toward becoming a premier provider in all our intended sectors, sustaining our remarkable yearly growth. With EveryMatrix as our principal technology supplier, we’re assured that Jetbull will persist in benefiting from leading-edge advancements, solidifying our prominent standing within the sector.”
The procurement of Jetbull is assessed at €2 million. €1 million will be disbursed in cash, while the residual €1 million will be disbursed through the issuance of new AMGO iGaming AB equities at a rate of SEK 1.0 per share (equating to 10,750,000 shares).
Regarding AMGO iGaming
A significant force in the internet gaming industry, AMGO iGaming manages five thriving platforms and serves a clientele exceeding 500,000. They possess a deep understanding of effective operational management. Within a sector characterized by continuous evolution, AMGO prioritizes cultivating robust connections with its users, securing their confidence, and ensuring their satisfaction. Furthermore, they maintain a global presence, with personnel situated across Denmark, Malta, Israel, Costa Rica, and Latvia.
admin