Canadian igaming operator and technology provider FansUnite Entertainment has completed the acquisition of white label solutions provider Askott Entertainment for CAD$27.8m (USD$20.7m) in FansUnite shares.
Askott shareholders received 1.9193 common shares of FansUnite for each Askot share they hold, for a total of 71.2m shares valued at $0.39 apiece.
As part of the deal, Askot founder and chief executive Scott Burton has been named CEO of the enlarged business.
FansUnite’s former chief executive Darius Eghdami shifts to the role of company president, while former Askott chief technology officer Jeremy Hutchings and former Askott chief operating officer Ian Winter now hold these roles at FansUnite. Winter replaces Duncan Peter McIntyre, who has resigned.