1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. China >
  5. BIT Mining Acquires MelcoLot

M&A Deal Summary

BIT Mining Acquires MelcoLot

On May 29, 2017, BIT Mining acquired information technology company MelcoLot for 322M HKD

Acquisition Highlights
  • This is BIT Mining’s 1st transaction in the Information Technology sector.
  • This is BIT Mining’s largest (disclosed) transaction.
  • This is BIT Mining’s 1st transaction in China.

M&A Deal Summary
Date 2017-05-29
Target MelcoLot
Sector Information Technology
Buyer(s) BIT Mining
Deal Type Add-on Acquisition
Deal Value 322M HKD

Target

MelcoLot

Hong Kong, China
MelcoLot Ltd. is a lottery-related technologies, systems and solutions to two state-run lottery operators in the PRC, namely the China Welfare Lottery Issuance Centre and China Sports Lottery Administration Centre ("CSLA"). MelcoLot is a distributor of high quality, versatile lottery terminals and parts for CSLA, which is the exclusive sports lottery operator in the PRC.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

BIT Mining

Akron, Ohio, United States
Category Company
Founded 2001
Sector Gaming
Employees56
Revenue 33M USD (2024)
DESCRIPTION

BIT Mining is an online sports lottery service provider. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. BIT Mining was incorporated in 2001 and is based in Akron, Ohio.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: China M&A 1 of 1
Year: 2017 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-26 The Multi Group

Chesham, United Kingdom

The Multi Group Ltd. is an online lottery betting and online casino platforms in the Nordic countries where it holds substantial market share. Operating under a Curacao eGaming license, Multilotto has a strong and balanced customer portfolio that has created a solid foundation for its expansion across Europe.

Buy €50M
Mergr

Solution for

Product

Company

Legal