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The acquisition, when completed, will provide GMGI access to new and fast growing regulated B2C markets that have experienced double digit compound annual growth rates (CAGRs) since 2020[i], supported by a network of over 1,100 highly skilled MerdianBet professionals. million registered retail customers in the B2C facing businesses.
Goodman noted that the MeridianBet Group has increased its year-to-date revenues considerably against last year's revenues; and the proforma performance of the combined company, following the acquisition, is now projected to be approximately $132 million in revenues and $27 million in Adjusted EBITDA, for the October 31, 2023 fiscal year.
According to the Census Bureau of the Department of Commerce , US B2C e-commerce sales for the third quarter of 2021 totaled over $200 billion. Practical Ecommerce estimates that roughly $2.6 multiple of SDE or EBITDA. Industry Overview. The e-commerce industry continues to flourish at an unparalleled rate.
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