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32Red Purchases Roxy Palace

Internet betting firm 32Red plc has revealed this week that they have purchased the online gaming sector of Roxy Palace for £8.4 million.

The deal is good for £2 million in cash as well as 10 million shares of 32Red. The deal will see 32Red purchasing intellectual property rights, Roxy Palace's customer database, and other assets. After the deal is completed, the current owners of Roxy Palace will continue to offer strategic services to 32Red's new venture.

Casino Listings will update this story as the deal nears finalization.

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