The Kindred Group has been given the final green light by the UK Gambling Commission to buy 32Red Casino. The Nasdaq Stockholm listed Kindred Group applied to the UKGC to acquire 32Red.com Plc, parent group of the award winning, Microgaming powered 32Red Casino, and was now given final permission.
“The offer values 32Red at GBP 175.6 million and Kindred Group has received acceptances in respect of, or has otherwise acquired, over 97 per cent of 32Red’s outstanding shares,” reads a press release issued by the Kindred Group. “Kindred Group will exercise its right to acquire compulsorily the remaining 32Red shares and procure the delisting of 32Red from the AIM Market of the London Stock Exchange.”
According to the Kindred Group, the total estimated transaction related costs are GBP 4.6 million, of which GBP 0.6 million have already been recognized in the first quarter of the year.
32Red is licensed by the Government of Gibraltar and the UK Gambling Commission.
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