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Unibet agrees to acquire Stan James Online for £19m

10th July 2015 6:01 am GMT

Stockholm-listed online gaming operator Unibet has agreed a deal to acquire Gibraltar-based operator Stan James Online.

The proposed acquisition, which excludes Stan James' UK retail business, will strengthen Unibet's position in the regulated UK online gaming market, which is expected to be worth £2.7bn in 2015 according to H2GC.

The £19m acquisition (approx. 6x EBITDA) will be payable fully in cash with an adjustment for customer liabilities, and is expected to close in the latter part of [...]

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