Online gambling affiliate Raketech is selling Casumba Media for €12 million through a monthly instalment plan.
The Stockholm-listed affiliate is selling the Casumba business for a fixed consideration of €12 million, payable in monthly instalments with no up-front payment, with the transaction representing a fair value of €7 million at closing.
The company said that the €5 million difference between the fixed consideration and the fair value reflects an element of ongoing credit risk and the extended payment schedule of the trasnaction.
The consideration will be paid in variable monthly instalments through December 2029 and carries an 8 per cent interest rate.
Raketech acquired Casumba in 2019 to tap into the unregulated Japanese iGaming market.
Based on the Q2 2025 run rate, the Casumba assets are expected to generate annual revenue of €4 million and EBITDA of €2.9 million.
“This sale marks another step in refining our portfolio and concentrating on our core goal of creating the top commercial platform for iGaming affiliation,” said Raketech chief executive Johan Svensson.
“By divesting Casumba, we eliminate regulatory exposure and unlock resources for growth opportunities. This transaction reflects our dedication to sustainable shareholder value and financial discipline.”
Raketech expects to record a non-cash loss of approximately €10 million on the sale, reflecting the difference between the book value of the Casumba assets and the fair value of the consideration.
Shares in Raketech Group Holding plc. (STO:RAKE) were down 3.77 per cent at SEK2.68 per share in Stockholm Thursday morning