Gaming Nation, the technology and information platform to the sports and entertainment industry, has been acquired by Orange Capital, the US-based investment fund.

Gaming Nation sold

The consideration was CA$0.95 per share in cash which values Gaming Nation at $44m. The price represents a 90 per cent premium on the closing share price of $0.50 on February 22.

Gaming Nation’s platforms include 5050 Central, an electronic real-time raffle system, BD Sport Group which provides in-stadium betting in the UK football market, and sports information websites Fantasy Guru, Fantasy Guru Elite and Pick Nation.