Unibet Acquisition Of Solfive Confirmed With Issue Of Arjel Licensing

UNIBET ACQUISITION OF SOLFIVE CONFIRMED WITH ISSUE OF ARJEL LICENSING

13th December, 2011 at 02:05:07
Source: http://www.azonlinecasinos.com

Unibet will now rebrand the platform from Eurosportbet.fr to Unibet.fr

Just on a month ago the online gambling group Unibet announced the conditional acquisition of the French Solfive group (see previous report) for Euro 5.625 million plus net cash adjustment of Euro 1.5 million, the condition being regulator ARJEL's approval of the deal. Unibet also provided funds to Solfive to enable the company to settle a fixed debt of Euro 2.375 million

According to press material from Unibet this week, the ARJEL approval was forthcoming on December 8, and the company has now finalised the Solfive acquisition, paving the way for its re-entry into the French market.

Unibet left the market earlier this year after being among the first to secure ARJEL licensing, citing the difficult tax regime, but appears to have had a rethink on the possibilities, given that little has changed in France, although moves are afoot to reconsider the government's requirements of operators.

For now, Unibet will rebrand the platform from Eurosportbet.fr to Unibet.fr by January 1st 2012 following a short transition, and is empowered by ARJEL to offer regulated horse betting, sports betting and poker under the Unibet.fr domain.

Related News Tags: ,



« News index »



STAKE LOGIC DARTS HEROES LAUNCH WITH KINDRED GROUP

21st March, 2017 at 14:44:19
Darts pros meet super heroes.

PARTOUCHE TAKE ON BETCONSTRUCT WHITE LABEL

06th March, 2017 at 19:34:18
French market an interesting prospect, says sportsbook provider.

KINDRED GROUP STATES INTEREST IN DANSKE SPIL ACQUISITION

27th February, 2017 at 22:47:21
But Danish Government not ready to commit.

EXPECTATIONS MOUNT ON SWEDISH ONLINE GAMBLING CHANGES (Update)

27th February, 2017 at 09:44:57
Will the new regulatory system by similar to that deployed by the Danes?

KINDRED GROUP TO ACQUIRE 32RED GROUP

23rd February, 2017 at 08:37:42
Former Unibet online gambling group prepared to spend GBP176 million on deal.