Completion is dependent on regulatory approvals
Unibet to acquire real-money social gambling business
2013-03-19
Reading time 35 seg
(UK).- Unibet announces that it has signed a conditional agreement to acquire 100 % of Social Gambling (Channel Islands), SGCI, which principal asset is an investment in Bonza Gaming. Bonza is one of the first developers to launch real money gaming on the Facebook Platform.
The first game, Bonza Slots, was launched for the UK market at the start of 2013. SGCI holds slightly less than 50 per cent interest in Bonza, alongside co-investor Plumbee, a leading entrepreneurial social gaming business. After expected dilution for incentive schemes, Unibet’s equity interest in Bonza will be approximately 45 %. Bonza holds a B2C gambling license in Alderney.
Unibet is paying a nominal price of us$ 151 but will provide a us$ 3 million loan facility to support the growth of Bonza, of which us$ 377,670 is expected to be drawn down on completion.
Completion is dependent on regulatory approvals.
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