Zona de Azar Canada – Online Casino Game Developer Mazaii Joins Forces with Relativity

Canada.- July 16th 2024 www.zonadeazar.com Mazaii Corp., the Montreal-based casino games provider, is merging with Relativity Acquisition Corp.

Relativity, a special purpose acquisition company, is acquiring 100 percent of the outstanding equity and equity equivalents of Mazaii. The transaction values the company at US$500 million.

“The igaming industry is experiencing rapid growth, with increasing acceptance and legalization in various regions,” said Tarek Tabsh, Chief Executive Officer and Chairman of Relativity Acquisition Corp. “Growing consumer demand, driven by the increasing penetration of smartphones and internet access, further fuels this expansion. The Mazaii international platform provides a significant opportunity for scalability and revenue growth. This transaction will enhance Mazaii’s competitive advantage and market positioning.”

In a statement, Mazaii was described as supplying gaming content and technology to “prominent brands,” but didn’t mention the names of their clients. Mazaii, through acquisitions, has been expanding its product offerings into Europe, North America, Latin America, and Asia, the statement said.

“This is just the beginning of our journey to shape the gaming industry’s future,” said Eli Baazov, Mazaii’s Chief Executive Officer. “We have fortified our position, expanded our market reach, and enhanced our innovative service offerings. With our in-house intellectual property and continuous organic growth, we are confident in our ability to disrupt the gaming landscape and achieve highly favorable results for our shareholders beyond 2024.”

The transaction is contingent on the completion of due diligence, the negotiation of a definitive agreement, regulatory approvals, and approvals by the board and stockholders of both companies.

More details on the transaction will be announced upon reaching a definitive agreement, likely later this year.

Edited by: @MaiaDigital www.zonadeazar.com