Gaming Innovation Group (GIG) has agreed a deal to acquire the assets of Dutch affiliate network company Delta Network.
Under the agreement, GIG will pay a consideration of €4.2 million ($4.6 million) for Delta Markets, with 30% of that settled through 4,336,314 new GIG shares.
Delta Markets’ assets are expected to contribute a minimum of €2 million to GIG’s Innovation Labs over the next 12 months.
GIG also noted that the acquisition includes recurring revenue from the existing portfolio of accounts with partnering operators, with Eikon reporting that affiliate assets have generated revenue of approximately €125,000 per month so far this year.
Robin Reed, chief executive of GIG, said: “This acquisition will make Innovation Labs the local leader for referring paying users in the highly sought after and soon to be regulated Dutch casino market.
“Innovation Labs has proven to increase organic growth when bolting on individual assets to our core referral platform.
“We are continuing to build out our distribution channel for the top performing brands in the industry, and look forward to deliver even more quality online resources for end-users.”
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