Unibet finalizes acquisition of Stan James Online

(PRESS RELEASE) -- Following the satisfaction of conditions precedent, Unibet Group has today finalised the acquisition of the online gambling business of Stan James Group.

The acquisition price of GBP 19 million adjusted for customer liabilities that Unibet Group will take over has been paid as cash up front today.

Unibet Group will consolidate the online gambling business of Stan James Group as from today in its results.

The transaction does not include the U.K. shops business operated under the Stan James brand, which for a transitional period has been granted rights to the brand. Stan James is one of the most well respected online gambling operators in the locally regulated U.K. market offering online sports betting, casino and poker through Stan James Casino, Stan James Live Casino, Stan James Poker and Stan James Sportsbook & Racebook.

Stan James Online will continue to trade under the existing brand and through the current platform and its customers need take no action as a result of today’s announcement. Further information will be provided to Stan James Online customers on a continuous basis.