AMGO iGaming AB, a gaming enterprise, has procured the business-to-consumer (B2C) brand Jetbull from EveryMatrix for a sum of €2 million. Jetbull, a long-standing internet gaming brand, will now function under the auspices of AMGO.
This calculated maneuver enables EveryMatrix to concentrate exclusively on its primary function as a business-to-business (B2B) supplier of software solutions for the iGaming sector, encompassing casino platforms, wagering on sports, and payment processing. EveryMatrix posits that this divestiture from managing its own brands will bolster its standing as a premier provider in the fiercely competitive online gaming arena.
AMGO, with its expertise in overseeing numerous brands across diverse regulated markets, is strategically situated to further elevate Jetbull’s standing and expansion. Jetbull, boasting in excess of 60,000 registered users and recent robust performance, will persist in operating under the existing permits held by EveryMatrix in Malta, the United Kingdom, and Denmark.
Our alliance with EveryMatrix has consistently been robust, and this accord marks a new phase. We possess immense enthusiasm and have established strategic objectives to generate worth for our investors,” states Mads Jørgensen, Board Member and Director of AMGO.
Nicolas Fleiderman, EveryMatrix’s previous Chief Commercial Officer and now AMGO’s Group Chief Executive Officer, possesses intimate knowledge of the recently acquired brand: “We’ve invested significant effort in securing this agreement and comprehend the synergistic opportunities that will expedite expansion and enhance productivity. We’ve assembled a specialized team for Jetbull and will persist in attracting top-tier talent.”
Jetbull’s Chief Executive Officer, Viorel Stan, adds: “The AMGO and Jetbull teams mesh effectively, and we are dedicated to a seamless integration. This amalgamation propels Jetbull toward becoming a premier operator within all our intended markets, sustaining our annual growth trajectory. With EveryMatrix as our primary technology provider, Jetbull will be empowered by cutting-edge advancements to maintain a competitive edge.”
The acquisition of Jetbull amounts to €2 million. A sum of €1 million will be disbursed in cash, while the remaining €1 million will be covered through newly issued AMGO iGaming AB shares valued at SEK 1.0 per share (equating to 10,750,000 shares).
About AMGO iGaming
AMGO iGaming is a major player in the online gaming world, operating five distinct brands and boasting a global player base exceeding half a million. They have a reputation for seamless functionality and are constantly evolving to incorporate the newest industry trends and technologies. AMGO has offices in key locations such as Denmark, Malta, Israel, Costa Rica, and Latvia.
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