Sun International interested in Powerbet Gaming
The group said it has identified online sportsbetting as a fast growing sector within the gaming industry and sees synergistic opportunities between it and its other terrestrial gaming interests. “Powerbet provides the ideal platform to accelerate the group’s entry into the online gaming market,” said a company statement.
Sun International has proposed the acquisition of 100 % of Purple Capital’s Gaming Interests’ issued share capital and shareholder loan accounts for a consideration of us$ 3,278,880 in cash.
Purple Capital Gaming Interests comprise Powerbet Gaming, the software developed and operated by PBG, the associated licence issued by the Western Cape Racing and Gambling Board and Purple Gaming Limited which holds a bookmaking licence in Tanzania.
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