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Olympian Group To Merge With Coastal Integrated Services
Wednesday October 28,2015 : OLYMPIAN GROUP TO MERGE WITH U.S. COFFEE LID MANUFACTURER
Focus will be on GR88’s Asian expansion.
Parent company of online gambling operator GR88, Olympian Group, has entered into a merger agreement with Nevada-based disposable coffee lids manufacturer Coastal Integrated Services (CIS).
CIS will acquire 100 percent of the Olympian Group for an undisclosed consideration.
Part of the Merger Agreement includes a corporate reorganisation which will include a 1-for-100 reverse stock split positioning the company to qualify for NASDAQ listing in the next 12 months, explained CIS chief, Clifford Redekop.
Following the acquisition CIS intends launching into targeted Asian markets backed up by a newly visualised marketing campaign.
“Olympian’s Sportsbetting and Casino brand www.GR88.com, was originally conceptualized as an Asian gaming site in 2009, and now with over 6 years of successful gaming operations, our team feels very strongly that the timing is perfect for the full B2C push into Asia,” Redekop said.
“We know we have something special with this brand and will focus on Gr88 as our flagship site with significant marketing and driving brand recognition.”
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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