Esports betting: Intema relies on the leading platform Loot.bet

Intema Solutions announces that it has entered into a binding letter of intent under market conditions with Livestream Gaming, under which Intema will acquire all of its issued and outstanding capital stock. Giving birth to a large new entity that promises to have a significant bearing on the future of esports betting. Livestream, in fact, is a privately held company based in Cyprus that owns Loot.bet: a server-based real money gaming platform licensed in Curaçao and a leading brand in the esports betting world. Although the operation does not closely affect the Italian market, since this operator is not authorized in our country, it is still a step to be observed with interest in view of the development of the sector, to understand and interpret the movements that are taking place in these months around the world of esports, through connections with the world of gaming. Loot.bet is one of the global leaders in esports betting, with a focus on live betting and online gaming and building an exceptional product for its 450.000 registered users. Supported by a professional operational and software development team of over 50 employees, LOOT.BET is world-renowned not only as an established and reliable esports betting platform but also as a supporter of the esports industry. It is a regular sponsor of notable professional tournaments and teams and a partner of leading esports operators, studios and bright esports talents and influencers. It is also a proud supporter of the anti-corruption Esports Integrity Commission, helping the organization combat match-fixing and betting fraud, thereby contributing to the development and maturing of both the esports and the esports betting industries. For the year ended December 31, 2020, Livestream's unaudited financial statements showed gross gaming revenue of 3.22 million euros (CA$4.8 million) and a net profit of 79,806 euros (CA$114,792), mainly from gamers in Europe and Asia. “This is a pivotal transaction for Intema that will make us a leader in esports betting,” said Laurent Benezra, President and CEO of Intema. “LOOT.BET will be a significant part of our ecosystem, which now consists of not only esports betting, but also peer-to-peer gaming, esports tournaments and advertising through HypeX.gg, Advertiise and TheSMACK.gg. All are complementary drivers of our future revenue growth. We are excited to have these companies and their experienced teams within our family. We are now focusing on closing these transactions so that we can offer the best experience possible through fully licensed, safe and secure online platforms.” “Intema was a logical next step for LOOT.BET to pursue its growth, as it will allow us to expand into new markets in North America and benefit from synergies with complementary businesses to drive more traffic and thus more revenue,” said Peter Zhalov, CEO of Livestream. “We are impressed with what Intema has achieved over a very short period of time. We see the potential once all the elements are in place, and we are thrilled to be part it.”