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BETSAFE PRICE RISES FOLLOWING ACHIEVEMENT OF PERFORMANCE TARGETS

Friday September 9, 2011 : Betsson sweetens acquisition price by Euro 15 million
 
Online gambling group Betsafe has boosted its acquisition price in the Betsson deal  by meeting important performance targets.
 
After buying the online casino, poker and sportsbetting operator earlier this year for an initial fee of Euro 34 million in cash and shares, Sweden’s Betsson AB has now agreed to pay the former Betsafe owners a further Euro 15 million in shares in terms of the acquisition agreement.
 
Malta-based and Scandinavian-facing Betsafe increased revenues in 2010 by 119 percent to Euro 25.9 million and reported twelve-month unaudited revenues to the end of May of Euro 33.4 million with an operating profit of Euro 6.9 million.
 
Betsson finalised its acquisition of Artic Invest AS, the holding company for Betsafe, in June and agreed to ante up an additional Euro 27.5 million in cash or shares ‘based on the development of the acquisition and the integration thereof during 2011’ to take the total purchase price to a maximum of Euro 60 million.
 
“Betsafe has reached the targets in 2011 for the additional purchase price amounting to Euro15 million,” a Betsson spokesman said this week. “If conditions are further fulfilled, the remaining part of the additional purchase price, up to Euro 12.5 million, is estimated to be paid up until the end of the first quarter of 2012."
 
Betsson informed interested parties this week that it will be issuing 1,056,403 new Class-B shares at Euro 14.55 each to the sellers of Betsafe, taking its total issued share capital to 41,394,392.



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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