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The company was named 'Stan James' by taking the first two letters of Steve and his wife, Anne (Stan), and from James. Nowadays, [when?] the Stan James operations are primarily online and on mobile though there is a shop estate of over 90 betting shops in the UK. [1] Stan James opened their first shop in Compton, Berkshire in 1973. [2]
Unibet is a sports betting, online casino, bingo and online poker platform. Unibet is a part of Kindred Group–an online gambling operator which consists of 11 brands along with Maria Casino, Stan James, www.vladcazino.ro, 32Red, and iGame. Today, Unibet has over 1,600 employees and offices in Malta, London, New York, and Gibraltar among others.
The price paid was believed to be £19 million in cash, adjusted for any customer liabilities. The deal did not include any of the Stan James high street retail shops, which have been rebranded as Megabet. [12] In December 2016, shareholders at Unibet agreed to change the name of the business to Kindred Group Plc. [13]
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The online gambling industry has seen an increase of mergers and acquisitions in recent years. [1] This has been caused by a number of factors including saturation of the market, consolidation in fragmented markets, the repeal of PASPA in the U.S. [2] and a greater desire for economies of scale.
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