Mobile Streams plc (MOS) is delighted
to announce that Estadio Bet ("Bet"), the Mexican online casino and
sports book business, in which MOS has a 25% equity interest, has
carried out a significant third-party fundraise at a US$5,000,000
pre-money valuation.
As announced on 12 December 2023,
MOS, as part of its expansion plans in Mexico, agreed to invest
$250,000 USD in Bet for a 25% equity stake, valuing the business at
US$1,000,000. Bet has now raised significant further funds at
a US$5,000,000 pre-money valuation, a 5x increase in the value of
Mobile Streams' investment. Following this investment round, MOS
will retain in excess of 20% of the business.
The online casino and sports book
business is on track to launch in Q2 this year and it is
anticipated this will see significant growth throughout the
year.
Mark Epstein CEO Mobile Streams
plc:
"We are delighted to see our
investment doing so well and anticipate further value creation
throughout the year and beyond as the Bet business launches and
grows."
The
information contained within this announcement is deemed by the
Company to constitute inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as
it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement
via the Regulatory Information Service, this inside information is
now considered to be in the public domain.
About Mobile Streams
Mobile Streams delivers world class
gaming content to a global audience, through its
https://heroesnftclub.com/ site and mobilegaming.com platforms, our
long-standing carrier relationships in countries including India,
Argentina and Mexico, and through our Livescores
sites.
Our Streams data insight,
intelligence and visualisation services and marketing optimisation
tools support the content business, as well as serving enterprise
level bespoke clients and the Streams SaaS ("Software as a
Service") self-service platform. Our strategy is to deliver
next-generation content including gaming, Esports and related NFTs
to a global audience.