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LeoVegas expands UK operations with £65m acquisition

12th January 2018 9:55 am GMT

Stockholm-listed gaming operator LeoVegas has agreed a deal to acquire Intellectual Property & Software (IPS), operator of UK-facing brands 21.co.uk, Slotboss, Bet UK and UK Casino.

The £65m acquisition will be settled in cash through existing debt facilities, further strengthening LeoVegas' presence in the UK following its October 2017 acquisition of Royal Panda.

Through its wholly-owned subsidiary LeoVegas Gaming, the company will acquire assets from the gaming operator IPS and related assets from European Domain Management (EDM), [...]

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