No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Betsson to Acquire Losimu strategine grupe
BETSSON TO ACQUIRE TONYBET HOLDING COMPANY
Initial consideration of Euro 4 million agreed.
Betsson AB, an online gambling firm listed on Swedens Stockholm exchange, announced Thursday that it has agreed to acquire the privately owned gaming operator Losimu strategine grupe, UAB, trading as TonyBet in Lithuania.
TonyBet is the second largest licensed online operator in Lithuania, and through the acquisition the Betsson Group will strengthen its foothold in the Baltic region with licenses in Estonia, Latvia and Lithuania, the company said in a press statement.
TonyBet currently offers its customers primarily online sportsbook services and a network of more than 20 betting shops in Lithuania.
"We see strong synergies in this acquisition, through migration of the operator to Betssons technical platform, and development of the casino offering." said Ulrik Bengtsson, CEO and president of Betsson AB.
The acquisition of Lošimų strateginė grupė, UAB, is being executed through wholly owned subsidiaries and it is expected that the deal will close within the next month.
The initial acquisition consideration is Euro 4 million, payable in cash on completion.
In the six month period to 30 June 2016, the revenue of Lošimų strateginė grupė, UAB was Euro 3 million and the adjusted EBIT was Euro 0.55 million. On an annualised basis, the transaction multiple is around 3.6x 2016 EBIT.
The sellers are eligible to receive a further Euro 2 million performance bonus in 2017 subject to achieving certain milestones, bringing the total consideration to a maximum 7.25x adjusted annualised EBIT for 2016.
"This acquisition is a good strategic fit for Betsson Group as Betssons ambition is to increase revenue from locally regulated markets. We have now consolidated our presence in the Baltic region by ensuring local licenses in all three markets, and continue to pursue growth across Europe, organically and through acquisition", Bengtsson concluded.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
Oceanís Call Slot Launches -
Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.
Big Names Playing WCOOP -
The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.
Sirplay to Open Argentina Branch -
#SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.
DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.