Entain acquires Canadian online betting operator Sports Interaction ahead of Ontario launch

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hear announced on Monday that it had acquired Deis AG (Passionate Game) for CAD 300 million (USD 236.61 million) from Middlebrook Investments Limited. passionate game possesses Sports interactions and is headquartered in Jersey (Channel Islands), with offices in Kahnawà:ke Mohawk Territory and Ireland.

Avid Gaming exclusively licenses the Sports Interaction brand and provides exclusive online betting and gaming products and services to the Canadian tribe Mohawk Council of Kahnawà:ke (MCK) and the Mohawk Online socio-economic initiative. mohawk onlinewholly owned by MCK, operates Sports Interaction in Canada.

“With Entain’s application for a license in Ontario, this acquisition provides an excellent opportunity to drive growth, in line with the group’s growth and sustainability strategy,” the company said.

Sports Interaction’s sports-focused offering is highly complementary to Entain’s existing Canadian operations, including Party and bwin brands. The combination will bring together the global scale, expertise and platform of Entain with the local expertise, capabilities and partnerships of Sports Interaction. As a result, the combined business will provide customers with a broader offering of products and services that appeal to the Canadian market. Will Golby, CEO of Avid Gaming, along with other members of the management team, will transition to Entain.

The group will continue support socio-economic efforts Mohawks of Kahnawà:ke through Sports Interaction’s exclusive relationship with Mohawk Online. In accordance with economic principles adopted by Canada under the United Nations Declaration on the Rights of Indigenous Peoples, revenues from Mohawk Online are reinvested in the Kahnawà:ke community to provide essential funding for cultural and language programs, schools , health care and other public services. services. 50% of Avid Gaming’s employees in Kahnawà:ke are Mohawk, and in 2020 Mohawk Online revenue played a vital role in Kahnawà:ke’s Covid 19 relief efforts.

Sports Interaction has grown rapidly in recent years with gross revenue in 2021 increasing 40% year over year to reach CAD 76 million (USD 59.9 million). The company generated EBITDA of 18 million CAD (14.19 million USD) and pre-tax profits of CAD 17.4 million (USD 17.7 million) during the year ended December 31, 2021 (after the contribution to the community of Kahnawà:ke). As of September 30, 2021, it had gross assets of approximately C$41.0 million (US$32.41 million).

The combination is expected to generate approximately CAD 15 million (USD 11.8 million) in synergies in 2023, mainly from the advantages of technology, content and supply. This translates into a post-synergies acquisition multiple for Entain of approximately 7x 2023 EBITDA. The acquisition consideration was paid from existing facilities.

Jette Nygaard-Andersen, CEO of Entain plccommented, “Sports Interaction is Canada’s leading sports betting and gaming brand and aligns perfectly with our own ambitions of excellent customer service and ambitious growth, coupled with an unwavering commitment to sustainability. He is highly complementary to our existing operations in Canada, and the combination of his local expertise and Entain’s powerful platform will provide customers with an unparalleled range of exciting and attractive products in this rapidly growing market.. We look forward to welcoming Will Golby and his team to Entain.


Jette Nygaard-Andersen, CEO of Entain.

“Investing in the communities where we operate is a key pillar of Entain’s sustainability strategy. We are therefore delighted to support the socio-economic initiative Mohawk Online,” she concluded.

Will Golby, CEO of Avid Gaming, noted: “We are delighted to partner with Entain, which is an exceptional company combining world-class brands, strong leadership and a winning strategy. It has a unique approach to local markets, and no other company of its size consistently offers so many well-executed localized approaches at the same level of personalization and detail.. Entain’s commitment to sustainability, responsible gaming and community investment aligns exactly with our own corporate philosophy, and we look forward to a bright future together.

Kahsennenhawe Sky-Deer, Grand Chief of the Mohawk Council of Kahnawà:ke, added: “Entain is a world-class operator with a genuine desire to contribute positively to the communities in which it operates. Kahnawà:ke is well known in the gaming industry, not only for our internationally recognized jurisdiction through the Kahnawà:ke Gaming Commission, but also for our socio-economic initiative, Mohawk Online. This new partnership between Entain and the Mohawks of Kahnawà:ke is mutually beneficial and provides an excellent opportunity to strengthen our self-sufficiency through the continued success of Sports Interaction.

The acquisition comes after iGaming Ontario’s recent announcement that the new Canadian province online game market will be launched on April 4as its joint efforts with the provincial government and AGCO aim to establish a new online gaming marketplace that will help protect consumers and provide more choice.

AGCO-registered private game operators who have signed an operating agreement with iGO can begin offering their games to players in Ontario as of the launch date. The companies will operate the gaming sites in the marketplace on behalf of the province in accordance with these agreements.

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