Exciting Big Casino Takeover! LeoVegas to Acquire Royal Panda!
LeoVegas Enters into an Agreement to Acquire Royal Panda
Massive, award-winning, Swedish online casino LeoVegas has just successfully entered into an agreement to acquire the well-known, UK licenced, online casino and betting operator Royal Panda.
This acquisition, which is being completed through LeoVegas International Ltd, will mean that LeoVegas take over all shares in the Maltese company Web Investments Limited, who are the company who own the the Royal Panda trademark.
This will, in theory, be all settled at a price of 60 Million Euros and include a possible ‘earn-out payment’ of a further 60 million euros.
To accomplish this LeoVegas International Ltd, who are in such a solid cash position, used that for the initial purchase price and then received debt financing totalling 100 million Euros to finish off the deal and to be able to act on future acquisition opportunities.
Expected to be finalised by December the 1st 2017, this acquisition, which is being made in order to strengthen LeoVegas Casino’s further expansion into the regulated gaming markets, especially that of the UK, is sure to shake things up!
Adding such a thrilling and somewhat sturdy new brand to the LeoVegas Group, will undoubtedly bring them all manner of benefits and with the super-charged, award-winning LeoVegas Group’s backing and input, we’re sure that Royal Panda’s players will also benefit greatly from this whole transaction!
Started in Sweden back in 2012, LeoVegas has gone on to achieve enormous worldwide success!
They now dominate most European and international markets and are working tirelessly to keep up the momentum too!
What with their iconic lion’s head logo taking centre stage, and their cool and uncluttered design, they don’t need to rely on fancy themes to reel in players because their reputation and their outstanding quality of service speaks for itself.
Today, LeoVegas are considered to be one of the principal European online casinos on the market, winning countless awards for outstanding service including ‘Casino Operator of the Year 2016’ and they’re really making waves with their mobile platform too, winning ‘Mobile Operator of the Year 2016’ and ‘Best Innovation in Mobile and Tablet’!
There is no need to question how they got to be so popular and successful, it’s all there one their easy to navigate exciting online casino site!
To find out more you can read our full LeoVegas Casino Review here.
About Royal Panda
This quirky online casino with their crowned panda bear mascot has oodles to offer their players!
Indeed, with a plethora of awesome games by the industry’s best loved software platforms, namely - Microgaming, NetEnt, 1x2 Gaming, Barcrest Games, Evolution, Genesis, Aristocrat, Elk Studios, NextGen Gaming, Thunderkick, Evolution Gaming and Rabcat - at Royal Panda Casino you will always be incredibly well catered for!
You can see strait away that Royal panda have taken the time to develop this quality website, which includes a fully instant-play interface, awesome live dealer games and an abundance of amazing slots, as well as, amongst many other wonderful things, a fabulous sports book provision!
This awesome acquisition between two already wonder filled online casinos, will, we believe, lead to an over all richness and quality of experience that other casinos will find hard to emulate.
Combining two fantastic brands, under the leadership of LeoVegas International Ltd, is an exciting move, which is sure to shake things up, but, is also sure to add another layer of awesome to both parties!
We wish them both much luck for the future, not that they’ll need it!
Head over to the amazing LeoVegas OR Royal Panda and sign up to explore and play at these fantastic online casinos!
28th of November 2017
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