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Danske Spil Acquires 60 percent of CEGO
Monday June 30,2014 : DANSKE SPIL ACQUIRES MAJORITY SHAREHOLDING IN GAMES DEVELOPER
Danish state monopoly bags 60 percent of CEGO.
The former Danish state gambling monopoly Danske Spil appears to be strengthening its in-house online gambling content development facilities with the acquisition of 60 percent of the stock of Aalborg-based games supplier CEGO Limited for an undisclosed consideration last week.
The agreement includes a provision that the current owners will stay on board and manage operations going forward from the Aalborg studios, which draw IT talent from a nearby university.
CEGO has enjoyed success with its games website Spilnu.dk, according to local media reports, which quoted CEGO's chief Mads Peter Veiby as being positive about the takeover and the valuable synergies it creates for both parties to the deal.
Veiby is respected in Denmark as the driver of telecommunications company M1, which was acquired by Telmore and has since become a part of Telmore brand. He is also a permanent panelist in TV2/Nords business magazine Business Club.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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