Home Unibet Buys A 45% Stake In Facebook Gaming Startup Bonza

Unibet Buys A 45% Stake In Facebook Gaming Startup Bonza

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Bonza gaming

Acquisition of real-money social gambling business

Unibet announces that it has signed a conditional agreement to acquire 100 per cent of Social Gambling (Channel Islands) Ltd, “SGCI”, which principal asset is an investment in Bonza Gaming,

Bonza is one of the first developers to launch real money gaming on the Facebook Platform. The first game, Bonza Slots, was launched for the UK market at the start of 2013. SGCI holds slightly less than 50 per cent interest in Bonza, alongside co-investor Plumbee Limited, a leading entrepreneurial social gaming business. After expected dilution for incentive schemes, Unibet’s equity interest in Bonza will be approximately 45 per cent.

Bonza holds a B2C gambling license in Alderney.

Unibet is paying a nominal price of GBP 100 but will provide a GBP 2 million loan facility to support the growth of Bonza, of which GBP 0.5 million is expected to be drawn down on completion

Completion is dependent on regulatory approvals

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