 Party Gaming Buys Sports Betting Firm
LONDON (ShareCast) - Online gambling firm PartyGaming has acquired Gamebrooks, an online sports betting company, from Tridant Games for an estimated consideration of €102m.
The consideration will be paid in instalments with €81m payable on completion and €21m payable in 18 months.
"The acquisition of Gamebookers is an important step forward in diversifying PartyGaming's business from both a product and geographic perspective," said chief executive Mitch Garber.
"We believe that sports betting will be a valuable addition to our integrated gaming platform, which we expect to provide excellent cross-selling opportunities for our expanding base of customers outside the US," he added.
The group said the acquisition should be earnings enhancing for PartyGaming in the current financial year | 
