Online Casino Operator Buys Futuremark Gaming Group
By Casinomeister, Last updated Dec 2, 2016
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 percent 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.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
