The JPJ Group, formerly known as Jackpotjoy, is set to pay £490m (€549.1m) to acquire Gamesys Holdings Ltd.
The deal involves The JPJ Group paying £250m (€280.2m) in cash and £240m (€268.9m)in shares, excluding Gamesys' sports brands and games, and will see JPJ rename itself Gamesys Group PLC.
JPJ has previously done business with Gamesys, having sold Jackpotjoy to Intertain Group Ltd in April 2015.
Gamesys shareholders will own 31% of the new group while Gamesys CEO, Lee Fenton, will become the CEO of Gamesys Group PLC, while JPJ’s Executive Chair Neil Goulden and CFO Keith Laslop will remain in their respective roles.
