Monday April 14,2014 : ASTRA GAMING TAKES MAJORITY HOLDING IN EXTREME LIVE GAMING
2013-founded live dealer gaming firm bought for undisclosed consideration
Austrian Gaming Industries GmbH subsidiary, Astra Gaming Group has become the majority share holder in Manila-based live dealer gaming company Extreme Live Gaming for an undisclosed consideration.
Under the terms of the deal, a new European studio located in London will be established to compliment Extreme Live Gaming's existing Asian studios along with the integration of new sister-subsidiary GreenTube's gaming suite.
Extreme Live Gaming, was reportedly founded in 2013 and carries a portfolio of Roulette and Baccarat in both mobile and web versions. The company has developed a land-based casino solution that enables the delivery of table games to a casinos player base utilising mobile, tablet, TV and PC platforms.
“This is a deal that will add immense value to what we offer as a gaming Group,” Zane Mersich, chief executive officer of Astra Gaming Group said. “Our aim is to deliver to customers and players a world class experience in every facet of what we do. The Extreme Live Gaming brand brings an exciting, new and highly innovative edge to our portfolio – it exemplifies everything the Astra Gaming Group stands for.”
Darwyn Palenzuela, founder of Extreme Live Gaming added: “We are proud and delighted to be associated with the Astra Gaming Group and its parent, the Novomatic Group. In just a short space of time, Extreme Live Gaming has emerged as a leader in the live-dealer space – a position that can only be strengthened further with the backing of our new owners.”