Intema Solutions Inc. announced it signed a letter of intent with Livestream Gaming Ltd, Belize. As a result of this transaction, Intema will acquire all issued and outstanding securities of capital in Livestream. The deal was worth $14.75 million.
Intema Solutions will take control of Livestream’s lucrative website LOOT.BET. It is a Curaçao-licensed server-based real-money gaming platform for esports betting.
“This is a pivotal transaction for Intema that will make us a leader in esports betting,” said Laurent Benezra, Intema’s CEO. “LOOT.BET will be a significant part of our ecosystem, which now consists of not only esports betting, but also peer-to-peer gaming, esports tournaments, and advertising through HypeX.gg, Advertiise, and TheSMACK.gg. All are complementary drivers of our future revenue growth. We are excited to have these companies and their experienced teams within our family. We are now focusing on closing these transactions so that we can offer the best experience possible through fully licensed, safe, and secure online platforms.”
Intema Solutions is one of the world’s leaders in iGaming and esports. The company is based in Montreal, Canada.