OpenBet has agreed to acquire OmniLogic, a sportsbook supplier, according to a LinkedIn post from OpenBet. The deal stage is agreed; the transaction has not been completed.
The amount of the transaction was not disclosed in the sources.
According to the source, the deal adds sportsbook technology and customer relationships across regulated lottery markets. The source also frames the acquisition in terms of OpenBet's lottery strategy, asking why OmniLogic is a fit for that strategy, but it does not set out further detail on the rationale.
No other terms, advisers, timelines or financial details were provided in the source material.