Denmark’s state-run gambling business Danske Spil is taking over the online casino operations of local slots jockeys Tivoli A/S.

On Thursday, Danske Spil announced a ‘partnership agreement’ that will see the state-run company pay a flat fee for the assets of Tivoli’s locally licensed online casino site TivoliCasino.dk.

The agreement also contains a provision under which Tivoli will continue to earn royalties from the online casino’s operations for a 10-year period, with an option to extend if both parties consider it worthwhile.

Financial terms of the deal weren’t disclosed, but Tivoli stated that the agreement meant “the Tivoli A/S result before tax and extraordinary items is adjusted from the level of DKK 100 million to the level of DKK 220 million before tax and after extraordinary items,” implying an expected net benefit of DKK120m (US$18m) in 2019.