Ebet agrees to buy CDOL for maximum of $700,000

    Ebet said it agreed to buy CDOL, a business intelligence technology provider to the leisure and gaming industry for a maximum of $700,000. The company will pay an initial $350,000, with a further $350,000 to be paid out over the next three years, subject to certain milestones being achieved. CDOL currently has annual revenue of about $1.2 million and 95 percent of that is recurring. Ebet said the acquisition will enhance its current gaming systems product.