Online gambling company Esports Entertainment Group has announced their acquisition of LHE Enterprises, the owner of online gaming and betting operator Argyll Entertainment.
“With Argyll already generating around $12 million in revenue annually, this acquisition will have a major positive impact for our company... Argyll’s established footprint and revenue base, combined with our strong cash position from our successful April capital raise combined with our esports betting platform, places Esports Entertainment in a great position to capitalize on this evolving opportunity."
Grant Johnson, CEO of Esports Entertainment Group
COVID-19 has acted as a tailwind for online gaming as people turn to alternatives to traditional betting with casinos closed for an unknown amount of time.