Nedplay and Golden Lounce Casino was cheap for 32red


This week the cost of acquiring Nedplay and Golden Lounge online casinos was revealed

The 32Red online casino group, which recently acquired Microgaming-powered but troubled online casinos Nedplay and Golden Lounge, revealed this week that it was a good deal in terms of cost.

32Red plc acquired the assets of the two European-focused online casinos from Floryntia Play Group NV on 21 January 2010 and from Golden Lounge Limited on 12 February 2010, for a nominal consideration.

The business assets acquired in both cases comprise of the player database, software agreements, the domain names and other intellectual property. The sole liabilities assumed by 32Red are in respect of player balances and total a mere GBP115 000.

Ed Ware, CEO of 32Red, said: "Both deals were compelling and similar in many ways, and we expect to be able to integrate both casinos smoothly and quickly into our platform.

"At this stage, it is too early to assess whether the acquisitions will be earnings enhancing in 2010, but they are a good fit as both casinos have historically focused on European territories away from the UK, whereas 32Red continues to be a UK-centric brand.

"We will now apply our award-winning levels of player support, operational discipline and marketing to both brands in the coming months, ahead of evaluating the total number of brands operated by 32Red plc. The sector continues to evolve quickly and 32Red remain committed to capitalising on suitable opportunities that may present themselves.”

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

4mins ago someone from Trinidad and Tobago Trinidad and Tobago played Big Game

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    21
  • Members Online
    288
  • Guests
    2,065
  • New Posts
    191

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
Slotty Vegas
  (12 Ratings)
Jackpot Party
  (32 Ratings)
NextCasino
  (85 Ratings)
Bet365 Games
  (97 Ratings)
CasinoLuck
  (143 Ratings)
Betsson Casino
  (130 Ratings)
Guts Casino
  (97 Ratings)
Intertops Casino Classic
  (52 Ratings)
Spin Palace Casino
  (69 Ratings)
Betsafe Casino
  (102 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (141 Ratings)
Redbet Casino
  (74 Ratings)
Unibet Casino
  (75 Ratings)
Thrills Casino
  (71 Ratings)
Mr Green Casino
  (198 Ratings)
32 Red Casino
  (168 Ratings)
Vera John Casino
  (116 Ratings)
3Dice Casino
  (146 Ratings)
BETAT Casino
  (107 Ratings)
Sin City Casino
  (50 Ratings)
Liberty Slots Casino
  (93 Ratings)
Casino Saga
  (55 Ratings)
River Nile Casino
  (61 Ratings)
Virgin Games
  (37 Ratings)
Winner Casino
  (269 Ratings)
Ruby Fortune Casino
  (96 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (109 Ratings)