Apple iSports signs definitive agreement to acquire LBC Enterprises
The transaction, which has received unanimous approval from both companies' boards of directors, is expected to close in the third quarter of 2025, subject to regulatory approvals and satisfaction of closing conditions.
Key points:
– Apple iSports is set to acquire Australian gaming operator LBC Enterprises, with the deal expected to close in Q3 2025
– The acquisition will enhance AiS’s B2B and B2C offerings and support international market expansion
Apple iSports has announced the signing of a definitive agreement to acquire LBC Enterprises – a Queensland-based online gaming, wagering and payments platform – in a move that signals its expansion into regulated global markets.
The acquisition, approved unanimously by both boards, is expected to close in Q3 2025, pending regulatory approvals and final closing conditions.
Under the terms of the deal, Apple iSports will acquire all shares of LBC Enterprises, which operates under the brand Lucky Bet.
The company will continue to operate under its existing name, with CEO Ian Parke remaining at the helm. Parke, along with James Tennant, will join the Apple iSports board, bringing added industry experience and leadership.
The acquisition is hoped to accelerate Apple iSports’ efforts in the B2B and B2C gaming sectors, boosting its presence in both US and international online gambling markets.
Commenting on the deal, Ian Parke stated: “The proposed acquisition of our company by Apple iSports validates the global opportunity we see in regulated, tech-driven gaming.
“By combining LBC’s platform and operational expertise with AiS’s capital markets presence and distribution network, we are primed to accelerate our expansion into new markets and scale our white label program.
“This partnership represents a major step forward for Lucky Bet and the broader LBC ecosystem.”
Good to know: Board member and Director Lyndon Hsu noted that the deal aligns with the company’s long-term goals of expanding its iGaming services and advancing toward a NASDAQ listing
Joe Martinez, CEO and Chairman of Apple iSports, added: “The Board of Directors is excited to continue rolling out our stated objectives with our proposed acquisition of LBC.
“Our service offerings to B2B and B2C will now be significantly enhanced in a rapidly growing sector. Combined with our exceptional team, this transaction catapults us into the US and international gaming markets.”
This acquisition follows Apple iSports’ recently announced intent to acquire infrastructure provider AmeriCrew, a deal also scheduled for Q3 2025.
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