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SPORTS BETTING

Canada – Intema confirms purchase of Livestream

By - 21 February 2022

Intema Solutions has confirmed the acquisition of Livestream Gaming, the parent company of LOOT.BET, a licensed server-based real-money online gaming platform and leading brand in the esports betting space.

In 2021, Livestream recorded gross gaming revenue of €2.2m and a net loss of €173,818, mainly from gamers in Europe and Asia.

“This is a great day for Intema as LOOT.BET is an important steppingstone for us in the esports and iGaming sectors,” said Laurent Benezra, President and CEO of Intema. “I would like to thank our shareholders, investors, employees and stakeholders for their overwhelming support and patience in closing this game-changing acquisition.

“In our view, LOOT.BET’s online gaming platform is second to none and has great market and scaling potential. With the Isle of Man online gaming license in place, LOOT.BET is well positioned to expand its operations globally, which enables us to accelerate our expansion.

“Over the last year, Intema’s team has been working hard in parallel to build our esports and iGaming ecosystem in anticipation of this very moment, and we look forward to sharing our progress as we continue to expand our activities and focus on achieving profitable growth.”

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