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32Red acquires Roxy Palace online casino for £8.4m

14th July 2015 6:37 am GMT

London-listed operator 32Red has acquired the online gaming business of Malta and UK-licensed Roxy Palace Casino.

The £8.4m acquisition gives 32Red ownership of a database of 230,000 registered players and more than 500 online casino games operating on the Microgaming platform.

The acquisition will be settled through the issuance of 10m new Ordinary Shares with a 12-month lock-in, and £2m in cash, payable between completion and December 2016, and is expected to be immediately earnings accretive before [...]

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