GoldBlue aquires an iGaming business with huge customer base of 20,000 players
GoldBlue AB (publ) (GoldBlue or the Company) confirms today that the Company has signed an agreement regarding acquisition of an iGaming business towards the Thai speaking market. The deal enables a multiplication of sales and customer deposits towards this market. GoldBlue will migrate the operator's customer base to its own brand. The deal is only based on revenue sharing, of which GoldBlue will retain 40 percent of all revenue. The total volume for this business today is approximately SEK 3.5 million in monthly customer deposits and an average NGR of approximately 20 percent of this amount. GoldBlue's technical department will implement the migration of the customer base in about one week. If GoldBlue can maintain sales from these customers, this means a further step towards the Company being able to reach a positive cash flow soon. The deal has both a short-term and a long-term positive effect on sales and earnings. Andre Rodrigues CEO of GoldBlue commented "I am very happy that we have reached this deal which is a breakthrough for this specific market. The deal took place without any cash compensation and is based on profit sharing. In order to facilitate the transition, we also have access to the operational team that built this customer base. The revenue from this business means that we are one step closer to profitability and we see this type of agreement as an accelerator for growth in our new markets." This information is a translation of “GoldBlue tar över spelverksamhet med stor kunddatabas om 20.000 spelare” that GoldBlue AB (publ) submitted for publication at 08:48 CET on 17 June 2019. For more information please contact: Jihua Liu, Head of IR Email: [email protected] Tel: +46 (0)8 559 25 266 GoldBlue AB is a Swedish listed investment company within the iGaming business with focus on growth markets in Asia.