Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

ESE Entertainment 'plants a flag in North America' with intent to acquire Canadian game tech group

ESE Entertainment 'plants a flag in North America' with intent to acquire Canadian game tech group

ESE Entertainment Inc CEO Konrad Wasiela tells Proactive it plans to acquire gaming technology company GameAddik for over $4.8 million in cash and 7.3 million in ESE shares. According to ESE, GameAddik generated around $24 million in unaudited revenue during fiscal 2020 and $4.7 million in income from operations. The gaming company said that the acquisition will help to increase revenue and profitability, expand its Tier One client base and strengthen its technology stack.