Wednesday, December 13, 2023 1:44:10 AM
December 4, 2023
Legal disputes have erupted in the gaming industry as the co-founders of BtoBet and EBET INC. took a stand against industry leader Aspire Global. These disputes reveal alleged breaches, including overspending, undercharging, and fraudulent activities. The implications are significant as Aspire Global was acquired by NeoGames and is currently being acquired by Aristocrat.
The co-founders of BtoBet, Alessandro Fried and Igor Lestar, have initiated a legal claim against Aspire Global for breaching the Share Purchase Agreement. The dispute revolves around Aspire Global’s acquisition of BtoBet in 2020. The claimants allege that Aspire Global deliberately reduced profits during the Earnout Period, leading to improper reductions in the Earnout Consideration. The current claim is for €36 million, but this amount could increase.
EBET INC. has also filed a lawsuit in Nevada against Aspire Global, AG Communications, and their affiliated entities. The legal action seeks damages of at least €65,000,000 for fraudulent activities and breach of a share purchase agreement. EBET accuses Aspire Global of manipulating records, overstating player data, and failing to maintain necessary operations in Germany.
These legal battles have high stakes for both companies, as the co-founders of BtoBet seek redress for breached payment agreements, and EBET seeks compensation for alleged damages caused by fraudulent conduct and breach of contract. The outcome of these trials will shape the trajectory of these companies and the gaming sector as a whole.
https://boomaff.com/ebet-and-btobet-co-founders-sue/
Recent EBET News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 09:05:05 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 03:40:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:00:59 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/15/2024 01:22:59 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/13/2024 09:34:41 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 01/29/2024 09:00:12 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 01/12/2024 09:09:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 02:30:23 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/01/2023 09:49:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/12/2023 09:06:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/02/2023 01:15:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2023 08:30:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2023 12:11:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2023 12:30:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 01:25:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 01:00:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 01:11:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/04/2023 01:00:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/28/2023 08:47:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/20/2023 09:00:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/03/2023 08:32:16 PM
FEATURED Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • Jun 14, 2024 2:07 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM