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Gaming Realms to sell its online bingo brands
Friday April 10,2015 : GAMING REALMS SHEDS ONLINE BINGO BRANDS
EDM the buyer in GBP 500,000 deal.
UK social gaming operator Gaming Realms has signed a deal to sell its online bingo brands Bingo Godz and Castle Jackpot to European Domain Management, a British online gambling operator.
The consideration agreed is GBP 500,000, to be paid GBP 200,000 upfront and the balance over 17 months.
Alderney-based European Domain Management will use the newly acquired brands to augment its growing online bingo stable of Pink Casino, BetUK, Crown Bingo and Bingos.co.uk.
Gaming Realms intends to use the money from the sale to further develop and promote its top SpinGenie product.
CEO Patrick Southon said this week: “We are the next stage of our stated strategy to focus our resources on our own technology platform where we see a quicker and more sustainable return on investment than on third party operated sites such as Bingo Godz and Castlejackpot.”
The two brands made a combined loss of GBP 2.1 million in the first fiscal half of 2014.
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 -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
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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