Betsson Completes Eurobet Acquisition (update)

Potentially US$ 85 million deal concluded

Betsson AB has announced that it has completed the acquisition of Europe-Bet through the acquisition of the Georgian company Chempionebi 111 LLC (and associated firms) for an initial purchase price of US$50 million.
In addition to the initial purchase price, an additional purchase price of a maximum of US$35 million may be paid until one year after completion, provided that betting regulations in Georgia remain unchanged (see previous InfoPowa reports). This means a total maximum purchase price of US$85 million.
Betsson expects that the acquisition will contribute positively to Betsson's financial result from the 22th of July 2015, and onwards.
The acquisition is financed through a renewal of a credit facility amounting to Euro 35 million, as well as a new credit facility of SEK 700 million.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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