Industry News
Jumbo Completes Acquisition of StarVale

Jumbo Interactive has completed the acquisition of StarVale Group.
The deal, which was agreed in January of this year, is worth a total consideration of £23m. Jumbo paid an initial £12m in addition to £6.5m in surplus cash funds that was also due upon completion of the acquisition.
A deferred consideration of up to £4.5m will be held in escrow and payable in the first half of 2024, subject to the achievement of certain earnings targets for the 12-month period ended 30 June 2023.
Jumbo, which settled 63% of the consideration from available cash reserves and 37% using existing debt facilities, said it remained in a net cash position following the deal.
The acquisition was able to complete after Jumbo was able to satisfy a number of closing conditions, including regulatory approval from the UK Gambling Commission, which was secured last month, after other approvals had been received earlier this year.
-
Latest News7 days ago
ATG to Appoint New Board as Government Hands Over Control
-
Latest News7 days ago
Best New Online Casinos Europe: Top 8 2025
-
Africa7 days ago
INCENTIVE GAMES SIGNS EXCLUSIVE DISTRIBUTION DEAL FOR NORTH AMERICA, EUROPE, SOUTH AFRICA AND UK WITH LIGHT & WONDER
-
Latest News7 days ago
Instant Withdrawal Crypto Casino – Best Crypto Casinos with Fast Payouts (2025)
-
Asia6 days ago
SA Gaming is thrilled to announce the launch of Fish Prawn Crab
-
Compliance Updates7 days ago
Navigating Legal Frontiers: Nordic Legal’s Vision for the Finnish Gambling Market
-
Asia6 days ago
Team Zero Gravity Triumphs in Indus International Tournament Powerplay, Secures Spot in LAN Finale
-
Gambling in the USA6 days ago
Gaming Americas Weekly Roundup – April 7-13