iGaming Business – Online casino and solutions firm Bally Technologies has completed its acquisition of internet social casino company Dragonplay.

As reported by iGaming Business, Bally first agreed a deal to acquire Dragonplay last month.

At the time, Bally said that the total consideration includes approximately $51 million (€37.5 million) in up-front cash, plus the amount of net working capital, payable to Dragonplay’s shareholders, in exchange for all used and outstanding equity.

The deal also includes around $49 million in additional earn-out consideration and employee retention payments over the next 18 months subject to Dragonplay meeting certain financial performance targets.