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