Unibet Acquires iGaming Holding

Unibet agreed to acquire iGaming Holding plc for an initial cash consideration of Euro 59 million with another Euro 20 million paid in installments pending performance targets being met.

The iGame Group is a gambling operator that targets the Nordics and Central Europe with its range of online casino, poker and sports betting across seven brands.

The acquisition deal requires regulatory approvals with finalization expected during Q3-2015.

“The iGame brands are well known in their local markets and we see a lot of potential by combining our bigger scale, mobile, cross channel and product expertise with their local focus. 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,” said Henrik Tjärnström, CEO Unibet.
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    sharpe

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    I think it's a great deal for Unibet who is all ready one of the famous sports bookmakers out there but with that acquisition they will concur a new territories and customers on a completely different market. They've paid a solid amount to acquire iGaming Holding but I think it's worth it till the very last penny.
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    advoghado

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    A great acquisition of Unibet Group, will undoubtedly expand its action around the world. I think iGame a great brand also, very reliable and Unibet with this acquisition will preparing to become a giant in the world of games, poker and sports betting, competition is always welcome to players.
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    iDark

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    This one was expected, they had neggotiations since 2014 and the main reason is to take down majority of those markets. Unibet is well known as betting leader all over the world, straggering changes through 2 years, from site design, poker platform change, very decent casino look, with newert releases and exclusive games special for Unibet. The common site was established about 20 years ago, now it's generate huge money and offering best production over the online gambling industry. If I be millionaire, I Will invest half of 59 millions with no doubt. Great deal!
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    pinkxxx

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    As I read these acquisition articles , its amazing the amounts of money they pay. Millions upon millions , the industry is so large and amounts casinos make is mind blowing . I remember years and years ago reading an article that a woman was selling the domain and small casino for a fraction of the cost of what they can run today . The markets are flooded , have huge investors , software companies . Its a corp business . Much like the little mom and pop shops many moons ago , huge companies take over. It staggers the mind the amount of money to run and the amount of money they make that takes place.

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