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November 1st, 2007, 16:42
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gaming industry news
32Red sells Betdirect to Stan James
32Red has agreed to sell its Betdirect brand to bookmaker Stan James for £5.75 million. Under terms of the agreement, Stan James will pay the online gaming firm £575,000 as deposit on exchange of contracts, with a further £4,675,000 on completion. A further £500,000 instalment will be payable in six months. 
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