Esports Entertainment Group completed its purchase of Argyll Entertainment AG, an online sportsbook and casino operator. The purchase price was not disclosed. Esports Entertainment Group also took over Argyll’s parent company LHE Enterprises.
“Acquisitions are an important component of our growth strategy and completing our first acquisition as a NASDAQ company is a tremendous milestone for us,” commented Grant Johnson, CEO of Esports Entertainment Group.
Argyll generated $12 million in revenue for 2019, with 100,000 registered users, Johnson said.
Argyll CEO Stuart Tilly and CFO Dan Marks joined the Esports Entertainment Group senior leadership team in June as corporate secretary and CFO respectively, according to SBC News.
