Acquisition of affiliate assets in central Europe
Net Gaming has today entered into an agreement to acquire affiliate assets in central Europe. The purchase price is €450,000, which is financed with existing cash.
“Although the acquisition is relatively small in terms of the purchase price and current earnings, we see fantastic potential and expect an annual ROI of about 1-1.5. At present, 100% of the revenue comes from revenue-sharing. The acquisition will also strengthen our position as a leading affiliate player in Europe and we expect to create strong growth for these acquired assets,” comments Marcus Teilman, CEO Net Gaming.
For further information, please contact:
Marcus Teilman, President and CEO
+356 9936 7352
Net Gaming Europe AB (publ)
Telephone: +46 8-410 380 44
The information in this press release is information that Net Gaming Europe AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation and, where applicable, the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was provided by the contact person above for publication on 14 February 2018 at 14.50 CET.