16th of February 2010 Author: Natalie Stephanopoulos
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
12th of February 2010
15th of July 2010
21st of October 2014
20th of October 2014
20th of August 2014
6th of September 2014
11th of October 2014
21st of August 2014
28th of August 2014
4th of September 2014
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2014
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here