Acquisition of real-money social gambling business
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 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,’s equity interest in Bonza will be approximately 45 per cent.
Bonza holds a B2C gambling license in Alderney.
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