JPJ Group has completed the previously announced sale of its social business to Bagelcode, the South Korean social gaming company.
The sale amounts to a cash consideration of £18.1m.
Neil Goulden, executive chairman, said: "The successful disposal of our social business enables the group to exclusively focus on our core activity of real money gaming.
"Importantly, it also represents another positive step in our strategy to reduce net leverage, providing us with further optionality to create value for shareholders."
