JPJ Group to acquire Gamesys in £490m deal

Multi-million-pound tie-up includes Virgin Games brands but excludes sports

JPJ Group has announced a “conditional agreement” to acquire the non-sports betting and gaming assets of Gamesys in a £490m deal. The deal comprises a £250m cash payment and the issuance of 33.7 million new shares in the business, valued at a total of £240m. The £490m figure is equivalent to a 7.3x multiple on…

Gamesys | JPJ Group | Lee Fenton | M&A | Monopoly Casino | Neil Goulden | Virgin Games