|Online bookmaker and sports content provider, UK Betting, is to acquire the Campbells chain of betting shops for 1.2 million, in an ongoing strategy to build up a high street presence. The deal is to be funded by a £1.2m senior debt facility with the Bank of Scotland. |
“The acquisition of Campbell’s represents the next step in bringing greater scale to the business and illustrates our intention to broaden ukbetting’s routes to market,” said executive chair Peter Dubens. “We are in active discussions with third parties with a view to substantially increasing the size of this nascent portfolio.”
Last month UK Betting announced steady growth despite the fact that it is still posting narrow losses. The company has spent the past three years building its network of sports and gaming websites and performance is improving solidly.