MOS Mexican associate completes fundraise
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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."
About Mobile Streams
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