Two months after Swedish gaming firm Betsson signed a deal to acquire Nordic Gaming Group, the acquisition was officially finalized after meeting regulatory approvals.
As a result of the acquisition, Betsson takes control of the Malta-based Nordic Gaming Group and its three sportsbook, casino and poker subsidiaries, NordicBet, Tobet and Triobet for approximately €65 million. The transaction included cash and a new issue of 217,974 series B shares that will be exclusively available to the Nordic Gaming Group. In addition, another €20 million could be tacked into the overall purchase price depending on the development of the acquisition price during the year.
“Through this transaction, Betsson continues to strengthen its Nordic operations and its leading position amongst the private gaming company alternatives in the Nordic region,” Silfverberg said back in April when news first broke of Bettson’s acquisition of NGC.
“In addition, Betsson’s brand portfolio is strengthened significantly within the betting segment, as NGG receives approximately fifty percent of its revenues from sportsbook.”
Meanwhile, Americas Cardroom is gearing up for the Punta Cana Poker Classic this coming October at the Dominican Republic with $5,000 Punta Cana Poker Classic packages beginning this Sunday, June 24 at 7:30 p.m. ET. The US-friendly online poker site will be handing out 30 seats from the results of this Sunday’s tournament. Each package will be made up of one Main Event buy-in, 6-nights hotel accommodations for two, eat-and-drink-all-you-can-including-alcohol for two, airfare allowance of up to $800, and a $1,500 resort credit, among other things.
In a statement, Michael Harris, spokesperson for Americas Cardroom, said: “We just got back from Lima, Peru, where our players took part in an unbelievable inaugural event. But forget about having a second to breathe. We’re already making plans to send more and more players to our next big tournament in Dominican Republic this October, and we can’t wait to party with them in paradise and play for another $500,000 guaranteed.”
Michael “The Punter” Nugent, winner of the recently-concluded LSOP Main Event, is already penciled in to participate in the tournament, as will be a whole lot of online poker players who will be dead set on staking claim to any one of the satellite and super satellite tournaments that will be available beginning this Sunday.