Gaming Realms Sheds Online Bingo Brands

EDM the buyer in GBP 500,000 deal

UK social gaming operator Gaming Realms has signed a deal to sell its online bingo brands Bingo Godz and Castle Jackpot to European Domain Management, a British online gambling operator.
The consideration agreed is GBP 500,000, to be paid GBP 200,000 upfront and the balance over 17 months.
Alderney-based European Domain Management will use the newly acquired brands to augment its growing online bingo stable of Pink Casino, BetUK, Crown Bingo and Bingos.co.uk.
Gaming Realms intends to use the money from the sale to further develop and promote its top SpinGenie product.
CEO Patrick Southon said this week: "We are the next stage of our stated strategy to focus our resources on our own technology platform where we see a quicker and more sustainable return on investment than on third party operated sites such as Bingo Godz and Castlejackpot."
The two brands made a combined loss of GBP 2.1 million in the first fiscal half of 2014.

Online Casino News Courtesy of Infopowa

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Casinomeister

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 astrophography.

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