News – UK – Lotteriecom for 45 million growth funds USD suspended when the Trident deal is closed – iGaming Business

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The announcement comes three months after the lottery, com owner AutoLotto and New York-listed Trident signed a binding letter of intent to take over the broker in November 2020 The combined group has an estimated business value after the business combination of approx 526 million USD

The two parties said the deal will ensure the lottery – which offers official lottery games like Powerball and Mega Millions and offers enhanced regulatory opportunities through the development of innovative blockchain technology – is well positioned to grow its revenue through further expansion in its existing markets and to accelerate into new high-growth markets at home and abroad

The parties said Lotteriecom will be funded by a 45 million growth fund upon completion of the transaction, which is expected by the end of the first quarter of 2021 USD topped up

Trident Acquisitions, NASDAQ: TDAC, stocks, AutoLotto, mergers and acquisitions, publicly traded company, Nasdaq, NASDAQ: TDACU

News – UK – Lotteriecom for 45 million growth funds USD suspended when the Trident deal is closed – iGaming Business
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Lotteriecom on 45 million growth fund USD suspended when the Trident deal closes
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Lotteriecom, a leading platform for online gaming of lottery, enters into definitive agreement with Trident Acquisitions
Lotteriecom enters into definitive agreement with Trident Acquisitions Corp. (TDAC) are publicly traded
Lotteriecom is preparing to list SPAC deals at a valuation of 526 million USD before

Source: https://igamingbusiness.com/lottery-com-set-for-45m-growth-fund-when-trident-deal-closes/