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On 30 April 2024, Mobile Streams plc (MOS) announced that its Mexican associate, Estadio Bet, completed a third-party fundraise at a US$5,000,000 pre-money valuation. MOS holds a 25% equity interest in Bet, having previously invested $250,000 USD for this stake at a US$1,000,000 valuation. Following the new investment round, MOS will retain in excess of 20% of Bet.
| Date | 30 Apr 2024 |
| Time | 14:31:49 |
| Category | Miscellaneous |
| ID | 6574M |
30 April 2024
Mobile Streams plc
("MOS" or "the Company")
MOS Mexican associate completes fundraise
Mobile Streams plc (MOS) is delighted to announce that Estadio Bet ("Bet"), the Mexican online casino and sports book business, in which MOS has a 25% equity interest, has carried out a significant third-party fundraise at a US$5,000,000 pre-money valuation.
As announced on 12 December 2023, MOS, as part of its expansion plans in Mexico, agreed to invest $250,000 USD in Bet for a 25% equity stake, valuing the business at US$1,000,000. Bet has now raised significant further funds at a US$5,000,000 pre-money valuation, a 5x increase in the value of Mobile Streams' investment. Following this investment round, MOS will retain in excess of 20% of the business.
The online casino and sports book business is on track to launch in Q2 this year and it is anticipated this will see significant growth throughout the year.
Mark Epstein CEO Mobile Streams plc:
"We are delighted to see our investment doing so well and anticipate further value creation throughout the year and beyond as the Bet business launches and grows."
The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
About Mobile Streams
Mobile Streams delivers world class gaming content to a global audience, through its https://heroesnftclub.com/ site and mobilegaming.com platforms, our long-standing carrier relationships in countries including India, Argentina and Mexico, and through our Livescores sites.
Our Streams data insight, intelligence and visualisation services and marketing optimisation tools support the content business, as well as serving enterprise level bespoke clients and the Streams SaaS ("Software as a Service") self-service platform. Our strategy is to deliver next-generation content including gaming, Esports and related NFTs to a global audience.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Adviser
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams, Duncan Vasey and Eran Zucker
+44 (0) 20 7469 0930
Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.