Entain finalizes Angstrom Sports acquisition
Initially announced in mid-July, the now-completed acquisition has given Entain access to Angstrom Sports’ wagering data solutions, enabling the operator to enhance its wagering offerings in a variety of worldwide markets. The data firm predominantly specializes in betting data for the United States, which will help its new parent firm expand in the rapidly growing market.
Additionally, this acquisition will help Entain become one of the United States wagering sector’s only operators offering data analytics, forecasting, pricing, and risk calculations through first-party systems. This will further help the firm solidify its presence in the country’s growing gambling industry.
The purchase involved an initial payment of 81 million pounds and can total up to 203 million pounds. The remaining up to 122 million pounds will be due over the course of the next three years.
“We are excited to complete our acquisition of Angstrom Sports, which will enable us to enhance our platform systems to deliver leading wagering experiences to our players. Our new subsidiary’s technological solutions will open new doors for us, especially for our US operations through BetMGM. We are eager to collaborate closely with Angstrom Sports’ team.”
remarked Entain’s Chief Executive, Jette Nygaard-Andersen.