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iGaming news | River UK Casino completes Gaming Realms online casino deal

River UK Casino completes Gaming Realms online casino deal Norwegian firm River UK Casino has completed the purchase of a 70 per cent stake in the UK online casino B2C business of Gaming Realms. The deal, agreed in June, has River UK Casino – a subsidiary of River iGaming – pay an initial £4.2m on completion. A further £4.2m is concurrent on payout and a further maximum cash payment of £14.7m, on an earn-out basis, is payable no later than August 31, 2019. Gaming Realms retains and associated brands.

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Tech-Savvy Finnish Teenager Steals 250K from Maltese Online Casino

According to Yle, the young man transferred the funds over 417 transactions between April and May 2017. The casino discovered the incident in July 2017. According to court papers, a portion of the money was transferred to bank accounts belonging to the clever teenager’s parents. Investigators reportedly discovered the amount of €14,000 of the stolen money into the personal bank account of the young man’s father. His mother had approximately €2,300 of the stolen money into her account and allegedly purchased a €5,000-worth motorcycle with another portion of the stolen funds. The underage Finn could get a sentence of up to 20 month in prison for his scam. He is accused of aggravated fraud as a minor. The prosecutor called on Monday for a five-month suspended sentence for his father and for a more lenient suspended sentence for his mother. The District Court charged with the case is set to deliver its ruling on September 3, Yle reported on Monday.

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