Toronto-based gaming technology provider Newgioco Group has entered into an agreement to acquire virtual sports developer Virtual Generation (VG).
Newgioco will pay $4.5m in a combination of cash and stock to acquire the Malta-based supplier, with an additional earn-out payment of $560,000 in stock contingent on a 5 per cent increase in the number of bets placed through the VG platform in 2019.
VG was founded in 2014 and has grown from processing 67,000 bet tickets in [...]
