Digitote acquisition completed by Contagious Gaming 2

Contagious Gaming has acquired all issued and outstanding common shares of Digitote.



The company announced in May that it had struck a deal to acquire Digitote for a purchase price of up to Can$7.2 million and expected the agreement to be finalised by September. 


After Contagious Gaming confirmed in October that it had signed an agreement to acquire all issued and outstanding common shares of Digitote Limited and Digitote Software GmBH Deutschland, the company earlier this week revealed in a business update that the deal would go through early this month. 


Completion of the deal at the original purchase price of up to Can$5.2 million has been confirmed by Contagious Gaming, with the firm acquiring Digitote free of any long-term debt. 


Contagious Gaming chief executive Peter Glancy said: “The addition of Digitote expands and enhances our sports betting offering and delivers significant synergies with our existing business.


“With the completion of this acquisition we are now able to provide our existing and new customers with a fixed-odds sports betting platform alongside Goal Time.  


“Our recent applications with the UK Gambling Commission for online sports betting and casino licenses will further enhance our ability to provide customers with managed service solutions.”


We are delighted to complete this transaction with Contagious Gaming,” added chief executive of Digitote Guenter Boyks.


“The combined synergies offer huge potential with significant opportunities to expand into international markets and grow the combined entities revenues.”




Source: iGaming Business
Date: December 3, 2015
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