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Rank looks to consolidate Spanish presence with YoBingo.es acquisition

22nd May 2018 8:27 am GMT
Rank Group

London-listed gaming operator Rank Group has struck a deal to acquire QSB Gaming, owner of the Spanish-facing YoBingo brand.

Rank has paid an initial consideration of €21m for the entire issued share capital of QSB Gaming, with the purchase price potentially rising to €52m, depending on YoBingo's financial performance this year.

The operator aims to accelerate its multi-channel strategy through the acquisition, using the newly acquired assets to support its existing Enracha brand in Spain. It describes YoBingo.es as [...]

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