Mondogoal acquired by Global Daily Fantasy Sports
News on 28 May 2017
News on 28 May 2017
Vancouver-headquartered Global Daily Fantasy Sports Inc. (Global) has acquired daily fantasy sports (DFS) operator MondoGoal Limited’soperating assets for a consideration consisting of a combination of a cash payment plus common shares of Global having a value equal to net gaming revenues from the purchased assets over the next three years.
The agreement covers Mondogoal Limited’s intellectual property, trademarks and client contracts for its DFS B2B operations in Italy, which include clients Lottomatica Scommesse S.r.l. (Lottomatica) and Sisal Entertainment S.p.a. (Sisal), two of the largest gaming brands in Italy.
Under the acquisition agreement, Global has secured new agreements with both Italian operators for an additional two-year term which will strengthen its distribution network in Italy.
“The acquisition of the Mondogoal operating assets and new agreements with Lottomatica and Sisal position us well to grow our business in one of our key European markets,” Darcy Krogh, CEO of Global Daily Fantasy Sports, commented.
“Italy is one of the largest online gaming markets in Europe and one of the first to establish itself in the daily fantasy space. This is a strategic investment for Global and we look forward to working with Lottomatica and Sisal to build out a strong network in Italy with our innovative platform.”
