LONDON (ShareCast) - (ShareCast News) - Veltyco updated the market on its acquisition of Bet 90 on Wednesday, confirming that the transaction had now been completed.
The AIM-traded firm initially announced its proposal on 13 April, to purchase 51% of the share capital of Quasar Holdings, which at the time was a non-trading company.

It did, however, hold assets considered of value to Veltyco, including the 'Bet 90' brand, the domain names bet90.com and bet90sports.com, and a Malta Class 2 Gaming Licence.

The acquisition was for a total consideration of €2m, with Veltyco planning to build a new business focussed on the marketing and expansion of the unused Bet 90 sportsbook betting brand.

"The new website Bet90.com is scheduled to go live in July 2017 and will have a particular focus on the Nordic countries and South America," Veltyco's board said in its statement.

"Bet 90's online platform runs on the SBTech sportsbook.

"The Bet 90 website is expected to deliver a contribution in the financial year ending 31 December 2018."

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