Entain Acquired 365scores for $150 Million

Global sports betting, interactive entertainment, and gaming firm Entain acquired 365scores, a global sports media firm. According to online bookie software experts, the acquisition costs $150 million. Also, Entain needs to pay up to $10 million in contingent payments. 

According to gambling and baseball news reports, Entain described 365scores as a top sports media and scores company. Also, it stated that the company excels in delivering sports info and scores. 365scores also offers social and editorial content and sports-focused free-to-play gaming content. 

At present, 365scores has more than 15 million active users worldwide. Entain noted that the 365scores app is among the top 5 sports scores apps worldwide. In addition, you can use the information from the app with XFL betting tips to improve your chances of winning. 

Entain Acquired 365scores

According to Entain, this purchase will help the company grow and expand its content and interactive product offerings to clients.

Entain also reached an agreement with Tiidal three weeks ago to acquire Sportsflare. The company is buying out Tiidal Gaming NZ, the parent company of Sportsflare.

Entain's offering will be strengthened with the addition of Sportsflare, a leading provider of wagering goods with a concentration on the esports vertical. Tiidal's shareholders have not yet voted on the arrangement. On April 26, shareholders will convene to discuss the sale's future.

Alumni Project

In related news, Entain has just agreed to offer money for Gordon Moody's Alumni Project. The Entain Foundation, the philanthropic arm of the gaming behemoth, will fund the whole campaign, which takes a novel approach to the issue of compulsive gambling.

Through the Alumni initiative, former gambling addicts will work to help others in similar situations. The program is an ongoing endeavor to reduce the prevalence of gambling addiction in the UK.

Entain announced its fiscal year 22 results early in March, which showed continued growth and success. Gaming revenue for the corporation was $5.17 billion, an increase of 12% year over year. CEO Jette Nygaard-Andersen noted that the company has reason to be optimistic about its prospects.