Elys Game Technology has completed the acquisition of US Bookmaking Company (USB)

Elys Game Technology has completed the acquisition of US Bookmaking Company (USB).

This week Elys unsympathetic the transaction to win 100% of USB interests, making it a solely owned subsidiary of Elys. The purchase terms for the equity of USB stood at $12m and was paid 'tween a 50% cash in split, with the latter half inwards 1,265,823 trillion shares on the company’s vulgar stock.

The amount for possible earnouts equates to $41.8m through 31 December 2025.

The merger betwixt the two companies aids inward USB comme il faut a central parting of Elys’ US-facing brand. This also provided Elys with trading operations inwards New Mexico, Chicago and Second Earl of Guilford Dakota. Two additional regions, capital of the United States D.C, and Iowa, are also inward progress.

These states ensure a large increment inwards client meanspirited alongside a maturation inwards revenue when the transaction to the full integrates. With Elys’ missionary post to establish inward the US and Canadian sports betting markets, this acquisition testament aid farther its reach.

Vic Salerno, President of USBookmaking, said: “USB realised that to growth our client pedestal we required a sportsbook weapons platform that was built for the United States market. We spent the lowest III years vetting virtually every sports betting engineering inwards existence and dictated that the Elys weapons platform was superior to all the other platforms.

"The combining of USB’s extremely experienced bookmaking team and a technologically forward-looking and cutting-edge software package platform, we expect, testament be a unnerving parlay inwards the sports wagering marketplace and we are eager to represent these strengths to our line of potentiality clients.”