Canadian DFS provider Global Daily Fantasy Sports Inc (GDFSI) has purchased Italian fantasy sports operator Mondogoal for an undisclosed fee.
Under the terms of the acquisition GDFSI will make cash plus shares payment, subject to shares having a value equal to net gaming revenues from the purchased assets over the next three years.
The deal also sees a two-year extension of Mondogoal’s existing partnership with betting operators Lottomatica Scommesse and Sisal SPA, both established names in the Italian online sports betting market.
Ignazio di Lauro, Head of Sportsbook for Sisal welcomed the new agreement saying: “We are pleased to go on in our journey in the DFS segment together with Global.”
In a statement confirming the deal, GDFSI CEO Darcy Krogh said “The acquisition of the Mondogoal operating assets and new agreements with Lottomatica and Sisal position us well to grow our business in one of our key European markets.
“Italy is one of the largest online gaming markets in Europe and one of the first to establish itself in the daily fantasy space. This is a strategic investment for Global and we look forward to working with Lottomatica and Sisal to build out a strong network in Italy with our innovative platform.”