HAS REALTIME GAMING BEEN SOLD?

30 March 2007

Surprising silence from a veteran turnkey provider

You would think that a well-established and professionally managed online gambling software developer and turnkey provider like RealTime Gaming would be more transparent about coming under new ownership and moving to another country. But despite rumours to this effect (see previous InfoPowa reports) that have been circulating since January the Atlanta-based company has apparently avoided publishing details of these developments.

This week a series of unrelated pieces of information from several sources seemed to confirm that major changes have occurred at RTG. The company's website was pared down to a shadow of its former self; an affiliate manager told a message board owner that the company had been sold but had no details, and a source with definite inside information gave InfoPowa more insight into what has been going on.

Our informant told us that the former U.S. owners of the company were getting nervous about the arrests and crackdowns on online gambling in the United States. "Even though RTG doesn't own or operate casinos directly they just didn't want to risk getting into legal troubles," we were told.

Our source continued: "They found a buyer outside the U.S. and they wanted to move the company as a whole to Costa Rica, where RTG already has a sort of sub company operating.

"They announced the sale internally back on January 3rd and extended an invitation to move to Costa Rica to all current employees.

"Most of course did not take it. I think a few high level execs stayed on as well as a lot of the development team. Although it sucked for the employees, all of which really loved their jobs, RTG did treat everyone well, giving everyone pretty much 2-3 months of salary/benefits."

Our source also advised that CEO Mike McMain is staying on in that position, and will be going down to Costa Rica with a few other execs in the near future. We have no confirmation of this information, however.

InfoPowa continues to search for confirmation and details of the move and the sale, but thus far RTG has not responded to our enquiries.

Online Casino News courtesy of InfoPowa

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