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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime
Provider: Sadif Analytics Prime

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Betsson AB acquires casino operator on the Dutch market

Friday, 7 Feb 2014 01:25am EST 

Betsson AB:Says it acquired a private online gaming group (Oranje and Kroon) based in Malta consisting of Oranje Casino, Kroon Casino and an affiliate business.Says the companies are targeting the Dutch market, but Kroon Casino also has a presence in Belgium.Says the transaction also contributes with more than 300 new domains, a Belgian license and a number of casino games.Says it acquired Oranje and Kroon from three entrepreneurs who will continue as external advisors to Betsson.Says the transaction was for an initial purchase consideration amounting to 100 million euros (enterprise value), of which 60 million euros are payable in Betsson shares and the remaining 40 million euros is payable in cash.Says, in addition to the initial purchase consideration, a remaining purchase consideration may become payable, based on the outcome of the anticipated re-regulation in Holland.Says the maximum remaining purchase consideration amounts to 45 million euros, which implies a maximum total purchase consideration of 145 million euros.Says however, the expected remaining purchase consideration is 30 million euros, representing a total purchase consideration of 130 million euros.Says the acquisition is subject to customary regulatory approvals, and closing is expected to take place during first quarter 2014. 

Company Quote

4.0 +1.50%
19 Dec 2014