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Modern Times Group Acquires Turtle Entertainment
Thursday July 2,2015 : MTG ACQUIRES MAJORITY STAKE IN GERMAN ESPORTS BUSINESS
eSports video gaming tournaments gaining in popularity.
Stockholm-headquartered entertainment firm Modern Times Group (MTG) has acquired a majority stake in German-based eSports company Turtle Entertainment who operates under its ESL brand.
The acquisition expands MTG’s eSports interests, a market it is already present in with its Viagame platform along with sports coverage across its TV channels.
MTG is acquiring the 74 percent stake from financial investors and the company’s founders for Euro 78 million in cash.
“This investment is a key milestone in our digital development. We look forward to working with the talented Turtle team to grow the global esports community, and to make this exciting content even more broadly available online and on TV,” said Jørgen Madsen Lindemann, president and chief executive officer for MTG.
“When we founded ESL 15 years ago, our goal was to bring esports to fans all around the world and establish it as a global sport. Today, esports enjoys worldwide recognition and now, together with MTG, it is time to take esports to the next level,” added Ralf Reichert, managing director of Turtle Entertainment.
The founders and management of Turtle Entertainment will reportedly continue in their current positions.
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 Microgaming’s 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 Sunday’s 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 –115.
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