ONLINE CASINO OPERATOR BUYS FUTUREMARK GAMING GROUP
29th November, 2016 at 21:13:17
Play Hippo clinches SEK 25 million deal with owner New Equity Venture (Nevi)
Two Swedish-listed online gambling companies clinched a SEK 25 million deal this week when Play Hippo acquired Futuremark Gaming Group, owned by the New Equity Venture (Nevi) group.
Futuremark is the operator of three gaming sites: pdisewin.com, mywin24.com, and vipstakes.com. All three sites offer games from Microgaming and Netent along with a live casino.
The three operations have a total of 122,000 registered players and a network of around 400 affiliates, and boasts net revenue in the last 12 months of Euro 350,000, with assets worth Euro 4.2 million - Euro 2 million in cash.
Announcing the agreement, Play Hippos CEO Christian Bönnelyche said:
"The group will now have three new casinos that have a good selection of games. We have brands that provide positive cash flow directly and give us a great opportunity to cross-sell as Play Hippos database is inactive.
Nevi-owned subsidiary B18 Invest is selling its 72% stake in FGG but wants to play an active role in Play Hippo and get involved in the company's future development
Playhippo.com is based and licensed in Malta; it offers online and mobile casino games
from Net Entertainment, Microgaming and Betsoft.
Related News Tags: Microgaming, Netentertainment, Live Dealer, Net Entertainment, Sweden, Betsoft