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Takeover at Guts.com parent group

Discussion in 'Online Casinos' started by jetset, Feb 17, 2015.

    Feb 17, 2015
  1. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    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.
     
    9 people like this.
  2. Feb 17, 2015
  3. amourgirl

    amourgirl Not so Senior Senior Member! mm2

    Occupation:
    Virtual PA
    Location:
    London UK
    Will the outcome affect us directly. i.e. Will Guts remain customer focused?
     
    1 person likes this.
  4. Feb 17, 2015
  5. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    I would think so - the management team remains the same.
     
    2 people like this.
  6. Feb 17, 2015
  7. fun4all

    fun4all Senior Member

    Occupation:
    .
    Location:
    .
    Big news and this is the important question for the players :/

    Thankfully as it appears Ben will still be in charge from the other replies I am sure it will :cool:
     
    1 person likes this.
  8. Feb 17, 2015
  9. Azzurri

    Azzurri Banned User

    Occupation:
    Non of your business
    Location:
    From Foil Land
    I wonder if this is why they stopped handing out free spins and now only seem to offer the usual deposit + free spins like most other sites?

    I was wondering this just recently then saw this thread, so seems possible.

    Hopefully the service isn't effected.

    Thanks for the info.
     
  10. Feb 17, 2015
  11. conker

    conker Super Moderator CAG MM webmeister

    Occupation:
    Marketer
    Location:
    UK
    I think this is more to do with the fact that they had people trawling the web for free spins bonuses and not depositing. You don't make much money from these types of customers and you expose yourself to losses.
     
    4 people like this.

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