Wolf Theiss advises Gaming Innovation Group concerning its acquisition of AskGamblers and associated online casino brands
Belgrade, 21 December 2022 – Gaming Innovation Group Inc. (GiG) relied on the legal counsel of Wolf Theiss regarding the acquisition of the casino affiliate websites AskGamblers.com, JohnSlots.com, NewCasinos.com and several smaller domains from Catena Media Plc. for EUR 45 million on a cash and debt free basis. The closing of the transaction is expected in Q1 of 2023.
M&A experts Miroslav Stojanovic (Partner) and Milan Novakov (Senior Associate) were co-leads for the transaction. They were assisted by Marijana Zejakovic (Counsel, Employment), Jovan Micovic (Associate, Corporate/M&A), Aleksandar Jezdimirovic (Associate, Competition / Antitrust) and Stefan Šilobad (Associate, Corporate/M&A) and Vjera Vlahović (Associate, Data Protection). The Wolf Theiss team conducted the legal due diligence of the Serbian target company as well as an assessment of the need to perform the merger filing. Additionally, the team advised the client on the draft of the share sale and purchase agreement in parts relevant from a Serbian law perspective.
“We were very happy to have supported Gaming Innovation Group in this acquisition. The company’s general counsel had a very professional and pragmatic approach, which was key for the successful finalisation of our due diligence and signing of the deal.”Miroslav Stojanovic, Wolf Theiss Partner, Corporate/M&A, Belgrade
Gaming Innovation Group (GiG) – founded in 2012 – is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. GiG aims to strengthen its position in the industry as the leading casino affiliate with the acquisition of AskGamblers.com, an award-winning website in the iGaming industry with strong brand recognition, as well as the other associated online casino brands JohnSlots.com and NewCasinos.com.
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