Unibet Group Plc has signd an agreement to acquire the online gambling division of Stan James Group in a deal worth £19m ($29.3m)

Under the agreement, Unibet will acquire the full rights and ownership of the Stan James Online brand. However, the transaction does not include Stan James’ UK shops business.

In line with standard EU rules on the acquisitions, Stan James’ employees will transfer their employment to Unibet.

Stan James offers online sports betting, casino and poker in the UK market through its website stanjames.com.