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Unibet Completes Bet24 Acquisition

Online Poker Rooms To Merge Following Takeover

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Unibet has completed the acquisition of Nordic Betting Ltd, owner of online betting and poker site Bet24.

Bet24’s poker operation will now leave the Ongame network and merge with the Unibet Poker player pool on Microgaming.

In a statement this morning the company said, “Following the satisfaction of conditions precedent, Unibet Group plc has today finalised the acquisition of the business and certain assets of Nordic Betting Ltd, trading as Bet24.

“The acquisition price was EUR 13.5 million (GBP 11.25 million), of which 80 per cent has been settled in cash. The final 20 per cent is scheduled for payment around the end of June 2012 subject to certain conditions.

“Bet24 will continue to trade under the existing brand and through the current platform for an interim period and its customers need take no action as a result of today’s announcement. Further information will be provided to Bet24 customers on a continuous basis.

“Unibet Group plc will integrate the operations of Bet24 with its own Maltese operations in due course.”