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About Food Feast
Ahlberg agrees the €16.4 million valuation is attractive, with a deferred consideration of around €10.4 million that reduces the immediate cash burden.
Corfai Capital Managing Partner and Founder Ben Robinson is even more bullish on the price, pointing to the circumstances in which GiG was able to acquire the business.
“On the numbers GiG has disclosed it looks cheap,” he says. “€16.4 million for 80% implies an EV of €20.5 million against roughly $50 million of run-rate NGR, 30% year-on-year growth and positive cash generation. €6m of cash on day one for a business generating $50 million of NGR tells you who needed the deal.”
What is Food Feast?
The video shows a vault filled with cash, followed by a scene where Davies’ father is released after police allegedly determine the money came from legitimate gambling, the ad claims.
The AI-generated image of Davies’ father then urges viewers to visit the same online casino he used. Users who click the ad are redirected to Oxibet, an offshore gambling platform based in Comoros.
The Sun quoted Davies’ agent, who called the advertisement “lies” and confirmed that the soccer star has no ties to any gambling sites.
What is Food Feast?
I chose a Quick Pick and spent just $2 on a single line of Powerball numbers. I never could have imagined that a $2 purchase would lead to a $1.04 billion jackpot. This is truly a blessing, and I’m incredibly grateful for this unexpected and extraordinary opportunity,” the winner said.
“I initially didn’t believe I had won, so I called a family member to confirm it,” the winner said. “Even after claiming the prize, I’m still processing the news and experiencing the full range of emotions that come with winning a billion-dollar jackpot—from disbelief and shock to overwhelming elation.”
The winning numbers were 4, 26, 66, 67, 69, and red Powerball 9.