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Mr Green acquires Evoke Gaming including Redbet

Mr Green has signed an agreement to acquire Evoke Gaming including the gaming sites Redbet, Vinnarum casino, Bertil and MamaMia. Mr Green expects to achieve significant synergies and intends to expand Redbet in Mr Green’s existing and future markets. The purchase price amounts to EUR 7 million and will be paid in cash. An additional purchase price of EUR 1.5 million may be payable if certain conditions are met. The price is calculated on enterprise value (debt free basis). Mr Green is acquiring all shares in Evoke Gaming Ltd from Bonnier Growth Media.

The acquisition will not have any impact on Mr Green’s EBITDA for 2018. There will be a marginally negative impact on cash flow for 2018. The acquisition will contribute positively to Mr Green’s EBITDA and cash flow as of 2019. Mr Green expects to achieve synergies of EUR 2.5-3.5 million per year with full effect in 2019.