Unibet, which operates online gambling games, has completed its €59 million ($66.4 million) cash deal acquisition of iGame Holding, the company announced.
Unibet said that all conditions and deal precedents had been met, allowing for the completion of Malta-based iGame Holding and its assets.
Unibet added that an agreed earn-out payment had been attached to the deal, which is calculated at 6.2x EBTIDA performance and capped at €20 million.
In order to finance current projects and allow flexibility for future investment, the Unibet Group has secured a new credit facility for €120 million, replacing the previous €50 million credit facility.
Read more: http://www.sbcnews.co.uk/featurednews/2015/9/17/unibet-completes-e59-mi...
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264