Published

Unibet announces another acquisition

Unib

Unibet(new)
et is to acquire fellow operator iGame Holding for an initial price of €59m.

The initial price is payable fully in cash on completion and Unibet will acquire 100% of iGame’s shares.

iGame’s current management team, which includes group CEO Tommi Maijala, will remain with the business.

The deal, which is subject to regulatory approval, is expected to conclude in the second half of the third quarter of 2015.

Earn-out payments may be made payable based on iGame’s results for the period ending 30 June and would be calculated on a multiple of 6.2 times EBITDA up to a cap of €20m.

Unibet CEO Henrik Tjarnstrom said: “As the majority of the iGame revenues comes from casino, our joint plan is to keep a number of these brands as a complement to our existing brands, Unibet and Maria.”

The announcement of the deal follows confirmation in July that Unibet is to acquire the online gambling arm of operator Stan James for a purchase price of £19m, which is also expected to be completed in the second half of the third quarter of 2015.

Unibet reported a 63% profit after tax decrease year-on-year for the first half of 2015 and an increase in gross winnings revenue to £156.6m from £153.6m.

Premium+ Connections
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...