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Guts Acwuired By Nio Inc
Tuesday February 17,2015 : GUTS.COM PARENT COMPANY ACQUIRED BY NIO INC.
Synergistic opportunities exist following share exchange agreement
iGaming firm Nio Inc. has entered into a share exchange agreement with Guts.com parent company Gaming Innovation Group (GiG).
The agreement will see the exchange of the entire issued share capital of Gaming Innovation Group Ltd. for shares in Nio Inc. which will lead to GiG becoming a Nio Inc. subsidiary should shareholder and regulatory approvals prevail.
Other GiG subsidiaries include platform technology provider iGamingCloud.com, online marketing firm Innovation Labs and Secure Gaming Limited (Rizk.com).
The GiG management team will continue in their respective positions following completion of the transaction as the combined company follows an end-to-end strategy with the development of proprietary technology and applications across the iGaming value chain.
Short term, Nio and GIG will focus on synergistic effects between its B2C operator businesses Guts.com, BetSpin.Com, and Rizk.Com while ramping-up marketing activities
“The agreement strengthens Nio’s iGaming position, capabilities and value creation potential”, commented Kjetil Myrlid Aasen, chief executive officer of Nio.
“GiG is teaming up with NIO with a clear vision – combining valuable iGaming knowledge and experience to create a platform for investments in industry leading people, products and services”, added Robin Reed, Managing Director GIG.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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