M&A Deal Summary

BIT Mining Acquires The Multi Group

On May 26, 2017, BIT Mining acquired gaming company The Multi Group for 50M EUR

Acquisition Highlights
  • This is BIT Mining’s 1st transaction in the Gaming sector.
  • This is BIT Mining’s 0th largest (disclosed) transaction.
  • This is BIT Mining’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2017-05-26
Target The Multi Group
Sector Gaming
Buyer(s) BIT Mining
Deal Type Add-on Acquisition
Deal Value 50M EUR

Target

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.

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Buyer(S) 1

Buyer

BIT Mining

Hong Kong, China
Category Company
Founded 2001
Sector Gaming
Employees75
Revenue 43M USD (2023)
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 Hong Kong, China.

DEAL STATS #
Overall 1 of 2
Sector (Gaming) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 1
Year (2017) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-29 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.

Buy HK$322M
Mergr

Product

Company

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