{"id":266,"date":"2024-06-27T22:01:25","date_gmt":"2024-06-27T19:01:25","guid":{"rendered":"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/"},"modified":"2024-06-27T22:01:25","modified_gmt":"2024-06-27T19:01:25","slug":"giant-interactives-acquisition-of-starvale-delayed-to-early-2023","status":"publish","type":"post","link":"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/","title":{"rendered":"Giant Interactive&#8217;s Acquisition of StarVale Delayed to Early 2023"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/dDhTyJVvPNY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The massive lottery enterprise, Giant Interactive, has declared that the takeover of StarVale Group, a UK-based external lottery management and digital payments firm, is anticipated to be finalized in the coming year. This delay is attributed to the regulatory approval process taking longer than initially projected.<\/p>\n<p>Giant Interactive Lottery Company reached an accord to acquire StarVale earlier this year in January, agreeing to pay an initial A$32.1 million (\u00a318.1 million\/\u20ac21.1 million\/$22 million) for complete ownership of the company.<\/p>\n<p>The agreement also encompasses a delayed payment of up to $8.5 million, payable upon StarVale achieving specific profit goals.<\/p>\n<p>Giant Interactive Lottery Company reached the agreement through its newly established wholly owned subsidiary, Giant Interactive UK, stating it would further expand its global growth strategy, following the acquisition of UK-based Gatherwell and Canada-based Stride Management in December 2019.<\/p>\n<p>If the transaction is successful, StarVale will join Gatherwell and Stride as part of Giant Interactive Lottery Company&#8217;s managed services division.<\/p>\n<p>Giant Interactive Lottery Company initially anticipated receiving regulatory approval from the UK Gambling Commission before the conclusion of this fiscal year. However, Giant Interactive Lottery Company has stated that it now expects approval to be granted in the initial quarter of 2023.<\/p>\n<p>As a consequence, the deal is anticipated to be finalized early in the following year. <\/p>\n<p>Jumbo is assured of securing the required regulatory authorizations and broadening its managed services operations within the United Kingdom&#8217;s non-profit sector. This was declared by Jumbo&#8217;s board of directors.<\/p>\n<p>StarVale, a firm headquartered in the United Kingdom, offers services to over 850,000 active lottery participants for more than 45 charitable and non-profit organizations, many of which are prominent UK charities. StarVale also possesses DDPay Ltd, a digital payments enterprise that furnishes direct debit payments and solutions for StarVale&#8217;s weekly lottery clientele.<\/p>\n<p>Subscribe to the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The massive lottery enterprise, Giant Interactive, has declared that the takeover of StarVale Group, a UK-based external lottery management and digital payments firm, is anticipated to be finalized in the coming year. This delay is attributed to the regulatory approval process taking longer than initially projected. Giant Interactive Lottery Company reached an accord to acquire [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Giant Interactive Acquires StarVale: Lottery Giant Expands<\/title>\n<meta name=\"description\" content=\"Giant Interactive\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Giant Interactive&#039;s Acquisition of StarVale Delayed to Early 2023\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Giant Interactive\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Ultimate in Casino Excitement | Licensed &amp; Secure\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T19:01:25+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/\",\"url\":\"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/\",\"name\":\"Giant Interactive Acquires StarVale: Lottery Giant Expands\",\"isPartOf\":{\"@id\":\"https:\/\/funclubcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T19:01:25+00:00\",\"dateModified\":\"2024-06-27T19:01:25+00:00\",\"author\":{\"@id\":\"https:\/\/funclubcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Giant Interactive\",\"breadcrumb\":{\"@id\":\"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/27\/giant-interactives-acquisition-of-starvale-delayed-to-early-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/funclubcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Giant Interactive&#8217;s Acquisition of StarVale Delayed to Early 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/funclubcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/funclubcasinonodepositbonus.icu\/\",\"name\":\"Experience the Ultimate in Casino Excitement | Licensed &amp; Secure\",\"description\":\"Immerse yourself in the excitement of licensed online gambling through our up-to-date news, honest game reviews, and informative insights. 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