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An additional performance-based consideration is payable two years from the close date and is seven times BtoBet’s EBIT in the second year from closing, less the €20 million purchase price. The regulator also detailed that the final gross gaming yield figure represented a year-on-year rise and was indicative of how the nation’s iGaming market is evolving ‘as the country continues to move out of full lockdown into the autumn months’.5 million)....

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2 million (.4 million).3 million) with other sources of online revenues including those from casino games dipping by 4% to circa ￡66 million (....

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Acquisition of the sportsbook aligns with the Stockholm-listed iGaming solutions provider’s growth strategy and is expected to close during Q4 2020 and have a “material positive effect” on its EBITDA as of 2021.Relative recovery:Although the periods may not be directly comparable, the Gambling Commission likewise pronounced that gross July gaming revenues for the United Kingdom’s collection of land-based betting shops thought to have grown by about 37% year-on-year to ￡62.Gibraltar-headquartered BtoBet boasts 32 operators on its sports betting platform across Europe, Latin America, and Africa and is a leading provider in the latter two....