REG - Mobile Streams plc - MOS Mexican associate completes fundraise

Mobile StreamsAnnouncement

30/04/2024 14:45

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RNS Number : 6574M  Mobile Streams plc  30 April 2024

30 April 2024

 

Mobile Streams plc

("MOS" or "the Company")

 

MOS Mexican associate completes fundraise

Mobile Streams plc (MOS) is delighted to announce that Estadio Bet ("Bet"),
the Mexican online casino and sports book business, in which MOS has a 25%
equity interest, has carried out a significant third-party fundraise at a
US$5,000,000 pre-money valuation.

 

As announced on 12 December 2023, MOS, as part of its expansion plans in
Mexico, agreed to invest $250,000 USD in Bet for a 25% equity stake, valuing
the business at US$1,000,000.  Bet has now raised significant further funds
at a US$5,000,000 pre-money valuation, a 5x increase in the value of Mobile
Streams' investment. Following this investment round, MOS will retain in
excess of 20% of the business.

 

The online casino and sports book business is on track to launch in Q2 this
year and it is anticipated this will see significant growth throughout the
year.

 

Mark Epstein CEO Mobile Streams plc:

 

"We are delighted to see our investment doing so well and anticipate further
value creation throughout the year and beyond as the Bet business launches and
grows."

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018. Upon the publication of
this announcement via the Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

About Mobile Streams

Mobile Streams delivers world class gaming content to a global audience,
through its https://heroesnftclub.com/ site and mobilegaming.com platforms,
our long-standing carrier relationships in countries including India,
Argentina and Mexico, and through our Livescores sites.

Our Streams data insight, intelligence and visualisation services and
marketing optimisation tools support the content business, as well as serving
enterprise level bespoke clients and the Streams SaaS ("Software as a
Service") self-service platform. Our strategy is to deliver next-generation
content including gaming, Esports and related NFTs to a global audience.

 

 

For further information, please contact:

 

Mobile Streams plc

Nigel Burton, Adviser

+44 77 8523 4447

www.mobilestreams.com

 

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

+44 (0) 20 7628 3396

Peterhouse Capital Limited (Broker)

Lucy Williams, Duncan Vasey and Eran Zucker

+44 (0) 20 7469 0930

 

 

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

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