March 2nd, 2012

Moreover, founder Chairman, Mark Morrissey would have an earned out, along with 38% of shareholder depending on EBITDA of 2014 in Australia. In addition, the company has to pay further amount of AUD 2 million to some of the shareholders, in case EBITDA of Australia gets increased to AUD 4.4 million. According to Mark Morrissey, “We would pay thanks to the swift processing of our licensing authority, which implies we would obtain immediate access towards regulated online gambling market of Australia. In fact, the acquisition of Betchoice has proved to be a strong basis for us to have huge market share in Australia.”
Related Updates
19-Mar-2012 - Remarkable Financial Results of Galaxy Entertainment for 2011
19-Mar-2012 - Genting Club has Massive Recruitment Plans for Sheffield Citizens
15-Mar-2012 - King.com has Undergone Acquisition of Fabrication Games
15-Mar-2012 - Drastic growth in Italian gambling market
14-Mar-2012 - Urge of Casino Barriere De Cannes Croisette for Hosting WSOPE Tournament