In a double quandary that may have delighted two of the country's...
Intema Solutions have announced that it has closed its previously announced transaction with Livestream Gaming Ltd, whereby Intema has acquired all of the issued and outstanding securities in the capital of Livestream. Livestream Gaming is the parent company of LOOT.BET, a top online gaming platform and brand in the esports betting space.
“This is a great day for Intema as LOOT.BET is an important stepping stone for us in the esports and iGaming sectors,” said Laurent Benezra, President and CEO of Intema. “I would like to thank our shareholders, investors, employees and stakeholders for their overwhelming support and patience in closing this game-changing acquisition. In our view, LOOT.BET’s online gaming platform is second to none and has great market and scaling potential. With the Isle of Man online gaming license in place, LOOT.BET is well positioned to expand its operations globally, which enables us to accelerate our expansion. Over the last year, Intema’s team has been working hard in parallel to build our esports and iGaming ecosystem in anticipation of this very moment, and we look forward to sharing our progress as we continue to expand our activities and focus on achieving profitable growth.”
LOOT.BET is one of the global leaders in esports betting, with a focus on live betting and online gaming and building an exceptional product for its 450,000+ registered users. Supported by a professional operational and software development team of over 50 employees, LOOT.BET is world-renowned not only as an established and reliable esports betting platform but also as a supporter of the esports industry. It is a regular sponsor of notable professional tournaments and teams and a partner of leading esports operators, studios and bright esports talents and influencers. It is also a proud supporter of the anti-corruption esports Integrity Commission, helping the organization combat match-fixing and betting fraud, thereby contributing to the development and maturing of both the esports and the esports betting industries.