Unibet Group Plc has finalized the purchase of online gambling business, Stan James Group Plc after having satisfied the contractual requirements of the GBP 19 million sale today.
The Stan James Group Plc will be consolidated, and the purchase price was adjusted for customer liabilities that the Malta headquartered and Nordic OMX owned Unibet will assume. Not included in the acquisition are the approximately 90 betting shop business locally regulated in the UK market and operated under the Stan James brand which were granted brand rights for a transitional period.
The Marina Bay, Gibraltar based Stan James is a remote gambling operator that offers online telephone and mobile sports betting and casino games and poker online. Currently, neither customers nor the platform of Stan James Online will be affected by the transition which will maintain trading under the existing brand.
Listed on Nasdaq Stockholm, Unibet Group Plc includes three brands with Unibet as a branded site, Kambi as sportsbook operator, and Maria with online casino and bingo offerings. Unibet is one of the largest online gambling operators in Europe serving approximately 9 million customers in over 100 countries.