las vegas strip casinos Elys Game Technology has announced its acquisition of Bookmakers Company US (USB) for $12 million upfront, but the price could go up to$53.8 million due to different earning clauses in the agreement. The deal is part of Elys’ efforts to secure its place in the growing US sports betting market..According to an issued statement by the companies, in the next four years, USB members could get up to $38 million more along with a potential premium of 10% (or $3.8 million), which would be based upon the achievement of certain earnings before taxes, interest, taxes, depreciation and amortization (EBITDA) milestones. They would be payable 50% in cash and 50% in the stock..The earnouts would be based on EBITDA metrics, ranging from the loss of $213,850 this year to a positive $19,441,483 for 2025..Elys Needs Patience Building Up Its Reputation in the US.Elys’ stock increased more than 4% in the early trading on Wednesday after the news of the deal came out, but the shares sold off as the session moved forward. In late trading, Elys’ stock decreased more than 3%, making its year-to-date decline 32%..In January 2021, Matteo Monteverdi became Elys’ CEO. When commenting on his hire, Monteverdi said, “In light of the shifting US regulatory landscape, Elys will be positioned to capitalize on the emerging trends.”

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