EBet to buy Flexi-NET for $4.8m plus inventory

    Australia’s EBet said it plans to buy Flexi-NET from Independent Gaming Pty for $4.8 million ($4.5 million) plus inventories to expand its presence in the New South Wales club and hotel gaming systems market.
    The group plans to fund the purchase through an $8.3 million share placement. Ebet said the acquisition would have boosted 2014 EPS by about 21 percent.
    Flexi-NET services 84 venues and 8,100 gaming machines in the state. It will increase Ebet’s installed base to 62,100.