Online Casino Firm 32red Buys Roxy Palace Business

Company paid £8.4 million for internet casino business

The UK online gambling group 32Red plc announced Tuesday that it has acquired the remote online gaming business Roxy Palace for a total consideration of £8.4 million, comprising £2 million in cash and the issuance of 10,000,000 new Ordinary Shares.
32Red has purchased the customer database, intellectual property rights and certain other assets used in connection with Roxy Palace via the acquisition of the entire issued share capital of Eucalyptus Investment Limited, a wholly-owned subsidiary of Hyperlink Media Limited and Applied Logics Limited.
Other service companies associated with the sellers will continue to provide services to 32Red following completion of the deal, which is expected to be immediately earnings accretive before synergies.

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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