M&A
confidence medium
sentiment neutral
materiality 0.60
Apple iSports enters JV with Apple iCasino for online crypto gaming platform
Apple iSports Group, Inc.
- Each party receives 50% ownership of the joint venture; AiC will cover all operating costs and platform enhancements.
- Joint venture will use AiC's existing online crypto gaming platform appleicasino.com, which recently began operations.
- Board of Managers comprises two representatives, one from each company; term is successive three-year periods.
- Apple iSports licensed its 'apple-i' brand to AiC for joint promotion; Michael Cho (AiC CEO) will lead the venture.
- CEO Joe Martinez stated the JV supports pursuit of NASDAQ mainboard listing and B2B/B2C gaming revenue streams.