32Red Acquires Roxy Palace

July 13th, 2015
Back 32Red Acquires Roxy Palace
32Red plc has announced the acquisition of Roxy Palace’s remote online gaming business for a total consideration of £8.4 million, which involves £2 million in cash and the issuance of 10,000,000 new Ordinary Shares.

As part of the purchase, 32Red has acquired the customer database, intellectual property rights and other assets used in connection with Roxy Palace as a result of the acquisition of the entire issued share capital of Eucalyptus Investment Limited.

Service companies involved with the sellers will continue to work with 32Red providing services until the deal is finalized.

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