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An additional performance-based consideration is payable two years from the close date and is seven times BtoBet’s EBIT in the second year from closing, less the €20 million purchase price.Acquisition of the sportsbook aligns with the Stockholm-listed iGaming solutions provider’s growth strategy and is expected to close during Q4 2020 and have a “material positive effect” on its EBITDA as of 2021. The regulator also detailed that the final gross gaming yield figure represented a year-on-year rise and was indicative of how the nation’s iGaming market is evolving ‘as the country continues to move out of full lockdown into the autumn months’....

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