London-listed operator Gaming Realms has conditionally agreed to sell its website properties which are hosted on third party platforms for a total consideration of £2.9m, as it looks to focus on brands operating on its proprietary platform.

The sites have been sold to Silverspin Media and Blackspark, with Blackspark making a £1.2m up front payment with an additional £500,000 to be paid under a transitional services agreement over the next five months.

Black Spark will acquire Gaming Realms’ intellectual property relating to Iceland Bingo, the gaming site featuring the UK supermarket brand Iceland...

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