Latest news with #LBCEnterprises
Globe and Mail
5 days ago
- Business
- Globe and Mail
Apple iSports Secures up to $25 Million Capital Facility from LDA Capital Group, LLC to Propel Gaming and Entertainment Acquisitions
IRVINE, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Apple iSports (OTC-QB: AAPI) (' Company ' or ' Apple iSports ' or ' AiS '), a gaming, entertainment, media and technology services company, is pleased to announce the commitment of a growth capital Facility (the ' Facility ') by LDA Capital Group, LLC (' LDA Capital '). Key Highlights LDA Capital and Apple iSports have entered into a 3-year common stock purchase Facility in an amount up to USD $25 million, with an option to increase to USD $50 million. The Facility is subject to certain draw down conditions. The Board of Directors of Apple iSports has unanimously approved entering into the Facility, which may be used for working and growth capital purposes. The Company will apply its significant management skills and industry relationships to proceed with the Company's potential uplisting. The Facility underscores the strong market confidence in Apple iSports' business strategy to grow in the gaming and entertainment sectors over the next five years. Key Strategic and Financial Rationale Funding under the facility, combined with the Company's most recent agreement to acquire LBC Enterprises Pty Ltd, underscores Apple iSports' ability to execute on its stated business strategy. The funding will underpin the Company's ambitions and excellent relationships in the gaming and entertainment communities by securing highly accretive gaming and wagering revenue streams from business enterprise (B2B) and consumers (B2C). In doing so, this will position the Company to become a highly competitive player in the U.S. online gambling services ecosystem. Messrs. Joe Martinez and Lyndon Hsu, Directors of the Company, jointly commented, 'We are delighted to have secured a funding Facility from LDA Capital, which will allow us to strengthen our balance sheet and accelerate our development and growth. ' Mr. Martinez elaborated, 'What's exciting about our relationship with LDA in conjunction with LBC is to penetrate the USA market and have an international iGaming footprint that AiS will have because of these actions. The combination will provide a competitive advantage globally by having a vertical integration of our operations and a funding partner that views the global market as key to our success.' Mr. Warren Baker, Co-Founder and Managing Partner at LDA Capital, stated, 'LDA Capital is excited to partner with Apple iSports in their quest to build out a high-quality gaming and entertainment business in prime markets such as the USA and expand to global markets. Our commitment to the Company will enhance their expansion efforts, and we look forward to supporting their ambitions. ' About Apple iSports Group, Inc. Apple iSports is a rapidly emerging gaming, entertainment, and technology services provider to B2B and B2C. The Company's core businesses include the development of gaming, entertainment, media, and wagering. The core team behind Apple iSports has over four decades of gaming and wagering experience in regulated markets such as Australia, the U.K., and Europe. The Company now brings that experience to the U.S., complemented by powerful corporate and finance capabilities. For additional information about the Apple iSports platform, please visit. About LDA Capital Group, LLC LDA Capital is a global alternative investment group with expertise in complex cross-border transactions. LDA Capital has successfully completed more than 300 financings and business partnerships with both listed and private companies in 43 countries, with a total transaction value of over USD $11 billion. LDA's real estate investment activities span Latin America, the Caribbean, and Europe, providing exposure to a diverse range of real estate asset classes within its varied portfolio. For more information about LDA Capital Group, please visit the following website: This release contains forward-looking financial information related to the Company's strategic growth initiatives. Actual results may differ due to market conditions and other factors. Apple iSports Group, Inc. assumes no obligation to update forward-looking statements except as required by law.
Yahoo
25-07-2025
- Business
- Yahoo
Apple iSports Signs Definitive Agreement to Acquire LBC Enterprises Pty Ltd
IRVINE, Calif., July 25, 2025 (GLOBE NEWSWIRE) -- Apple iSports (OTC-QB: AAPI) ('Company' or 'Apple iSports' or 'AiS'), a gaming, entertainment, and technology services company, is pleased to announce it has signed a Definitive Agreement with LBC Enterprises Pty Ltd ('LBC' or 'Lucky Bet'), an online gaming, wagering, and payment systems company. Key Highlights LBC Enterprises Pty Ltd, a Queensland, Australia corporation, will sell all its shares to Apple iSports. The Board of Directors of both LBC and Apple iSports have unanimously approved the proposed transaction, which is expected to close in the third quarter of 2025, subject to any regulatory approvals and the satisfaction of closing conditions in the Definitive Agreement. LBC will continue to operate under its brand and will be led by Mr. Ian Parke, the CEO of LBC. Messrs. Ian Parke and James Tennant will join as Directors of the AiS Board, adding to the strength and experience of the Company. The Board of Directors of Apple iSports will apply its significant management skills and industry relationships to assist LBC in achieving its business strategies and expansion efforts. Strategic and Financial Rationale Key The proposed acquisition underscores Apple iSports' ability to execute strategic transactions pursuant to its stated business strategy. This transaction will underpin the Company's ambitions and excellent relationships in the gaming and entertainment communities by securing highly accretive gaming and wagering revenue streams from business-to-business (B2B) and consumers (B2C). In doing so, this will position the Company to become a highly competitive player in the U.S. online gambling services ecosystem. Ian Parke, CEO of LBC, 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.' Joe Martinez, CEO and Chairman of Apple iSports, commented, '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. Board member and director Lyndon Hsu, who is based in Singapore, commented, 'This defining transaction will expand our reach into gaming, wagering, and payment services markets via B2B and B2C opportunities. AiS will also be able to accelerate its stated capital raising objectives and further anticipated business acquisitions. Apple iSports remains on track to become a NASDAQ mainboard-listed company.' About LBC Enterprises Pty Ltd Established in 2022, LBC Enterprises Pty Ltd is a global gaming and fintech platform provider based in Queensland, Australia. Its flagship brand, Lucky Bet, is a digital-first casino and sportsbook operation currently expanding across South and Southeast Asia, the South Pacific, and other high-growth international markets, including the USA. LBC offers a comprehensive platform and managed services solution that powers both its own brands and a growing portfolio of white label partners. The platform supports real-money wagering across multiple verticals—including casino, sportsbook, esports, and fantasy—and is fully integrated with industry-leading payment gateways, fraud and risk tools, affiliate management systems, and compliance frameworks. Through its white label and turnkey managed services model, LBC enables media groups, influencers, and regional operators to enter new markets quickly and cost-effectively. Partners benefit from a fully outsourced operation—including technology, compliance, payments, customer support, and marketing automation—freeing them to focus on user acquisition and local market growth. Most brands go live within four weeks. Lucky Bet's innovative features include multimodal-based user onboarding, crypto and fiat deposit capabilities, and a Visa-issued crypto debit card program for VIP players. This forward-looking approach positions LBC as a differentiated provider in the global gaming ecosystem, uniquely equipped to serve mobile-native and digitally savvy audiences. LBC's platform is built to scale, with enterprise-level uptime, modular feature deployment, and real-time reporting capabilities, positioning the company as a preferred B2B partner in emerging and regulated markets alike. About Apple iSports Group Apple iSports is a rapidly emerging gaming, entertainment, and technology services provider to B2B and B2C. The Company's core businesses include gaming, wagering, and ecosystem solutions. The core team behind Apple iSports has over four decades of gaming and wagering experience in regulated markets such as Australia, the U.K., and Europe. The Company now brings that experience to the U.S., complemented by powerful corporate and finance capabilities. For additional information about the Apple iSports platform, please visit. Corporate and investor information at Special Note Regarding Forward-Looking and Cautionary Statements This release contains forward-looking financial information related to the Company's strategic growth initiatives. Actual results may differ due to market conditions and other factors. Apple iSports Group, Inc. assumes no obligation to update forward-looking statements except as required by law. Media Contact:Cathy VerlenchController & Head of Media RelationsApple while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
