LONDON: IMG ARENA, a leading sports data business for the betting, media and performance sectors, Wednesday announced it has agreed to buy Leap Gaming (Leap), a virtual sports and casino games provider.
While financial terms were not disclosed, the acquisition cost for IMG ARENA, which already owns a stake in Leap, is reported to be €5.9 million.
The investment will enhance IMG ARENA’s sports betting content portfolio. The closing of the transaction is expected in the first half of 2023, subject to customary closing conditions including a regulatory review process.