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Kings Entertainment exits online lottery sector

12th December 2023 7:40 am GMT

Kings Entertainment is exiting the online lottery sector after agreeing to sell its LottoKings and WinTrillions brands for CAD$175,000.

The company has entered into a share purchase agreement to sell its wholly owned subsidiaries, Legacy Eight Curacao, Azteca Messenger Services SA de CV and Phoenix Digital Services, to Ontario-based PM Legacy Inc.

The disposal follows Kings’ acquisition of Braight AI Technologies earlier this year to focus its business on artificial intelligence big data analytic solutions.

“With the exciting [...]

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