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Stride Gaming To Acquire InfiApps
Friday July 31,2015 : STRIDE GAMING INKS DEAL TO ACQUIRE MOBILE SOCIAL GAMING FIRM
Online gambling company is prepared to pay $39.2 million for InfiApps.
Internet gambling company Stride Gaming has agreed a $39.2 million deal to acquire mobile social gaming developer InfiApps, the consideration to be paid in a mix of $21.2 million in cash and an earn-out payment of a further $18 million in cash contingent on InfiApps meeting certain performance targets over the next two years.
InfiApps attracted attention earlier this year when its flagship casino game, Slot Bonanza passed the 5.2 million downloads benchmark in continued global player interest.
The developer reported net profit before tax of $2.3 million in the first five months of 2015 and is on-track to beat a FY 2014 profit of $3.4 million.
CEO Ronen Kalmanson said that the combination of the InfiApps social gaming platform and the operational expertise of Stride will create an improved player experience and help grow both companies.
Eitan Boyd, chief executive of Stride Gaming, said:
“The addition of InfiApps widens our current portfolio of products and brands and will significantly enhance and diversify our player offering internationally, as well as provide access to new users and new geographies generating significant operational leverage.
“The acquisition is in line with our strategic objective of expansion through acquisitions, and also affords Stride Gaming a platform in which to take our online bingo product, over time, into the social gaming space."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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