Esports Entertainment Group is thrilled to announce that it has completed the acquisition of LHE Enterprises Ltd., the holding company of online sportsbook and casino operator Argyll Entertainment AG and its operating subsidiaries (“Argyll”).
Argyll Entertainment launched its flagship brand, www,sportnation.bet in the summer of 2017 and has since established itself as a fast growing and innovative gaming company within the UK and Irish market using its expertise in marketing, risk management, technology and regulation in order to offer its customers an entertaining, safe and secure online gaming experience, access to exclusive sports and gaming content and an award winning rewards program.
Grant Johnson, the Chief Executive Officer at Esports Entertainment, commented that acquisitions are an important component of their growth strategy and completing their first acquisition as a Nasdaq-listed business represents a ‘tremendous milestone’ for the operator and it will now seek further acquisitions as part of its growth strategy.
Johnson went on to say that Argyll generated $12 million in revenue in 2019 and that with its base of more than 100,000 registered users, combined with the deep domain knowledge of its accomplished team, they have a strong foundation to build upon as they seek to capitalize on the wealth of opportunities ahead of this rapidly growing market.
Stuary Tilly, Chief Executive Officer and Dan Marks, Chief Financial Officer at Argyll, joined the Esports Entertainment Group senior leadership team in June as Corporate Secretary and Chief Financial Officer, respectively.
Argyll is incorporated in Switzerland with operational support services in London, Malta and the UK.