Bragg cleared to complete Spin Games acquisition
| By Robert Fletcher
Bragg Gaming Group expects to complete its acquisition of B2B gaming content provider Spin Games early in 2022 after securing all required regulatory approvals for the purchase.
Bragg in May this year brokered a deal worth $30m (£22.5m/€26.5m) – comprising 10m in cash and $20m in common shares of Bragg – to acquire the entire Spin Games business.
The agreement was subject to a host of regulatory approvals, including clearance from the Pennsylvania Gaming Control Board, which was confirmed yesterday (December 15).
Having secured full regulatory approval, Bragg said the deal is now clear to complete early next year.