Daily News Poker News Online Gaming News Investor News Vegas News Featured Articles
Strategies & Tips Books & Movies
Gaming Life Gaming Tips Comps & Promos
Investor News
HOME > NEWS > Investor News > Empire Global Corp. to acquire licensed online gaming operator in Italy
RELATED PARTNER LINKS

Empire Global Corp. to acquire licensed online gaming operator in Italy

21 May 2014

NEW YORK -- (PRESS RELEASE) -- Empire Global Corp. (the company) (EMGL.OTCQB) announced today the entry into a Material Definitive Agreement to acquire Multigioco Srl., a licensed gaming operator based in Rome, Italy. The Agreement has a closing date of June 30, 2014 or sooner if practicable and if mutually agreed upon in writing by the parties to the Agreement.

The transaction will result in Empire Global owning 100% of the issued and outstanding shares of Multigioco Srl., which includes all the assets, intellectual property, operations and licences governed under the Italian national gaming authority Amministrazione Autonoma Monopoli di Stato (AAMS).

Multigioco has over 850 venues under its licence mainly situated throughout Central and South Italy, with an extensive current on-line platform and certified for PosteItalia, MasterCard, Visa and Skrill Gaming Card use and with mobile applications on the horizon. Multigioco operations generated 71 million Euro in Gross Gaming Revenue (GGR) in 2013. Game offerings include Sports betting (Soccer, Horse Racing and other sports) and lottery distribution terminals, which represents the largest turnover. Other significant offerings are Online Casino, Online Poker and Cash Games (Cards), Slots and Bingo, while to a lesser degree various VLT games (i.e. tantalizing games).

Michael Ciavarella, Chairman and CEO comments, "The acquisition of Multigioco represents our commitment to developing our business in the global gaming and wagering space. We plan to aggressively pursue attractively priced, fragmented and profitable gaming operators in Italy with a goal to become a top tier gaming operator over a 5 year investment time horizon."

 
RGT ONLINE SHORTCUTS

> Latest Headlines
   The stories that are the news.

> Daily News
   In depth coverage of the news that
   affects the gaming enthusiast.

> Featured Articles
   Articles by RGT's featured writers.

> Vegas News
   Tales from Sin City.

> Investor News
   Press releases and Investor info.

> Casino City's Online Poker Directory
   The web's most comprehensive online
   poker directory.

> Advanced Search
   Check our archives for past articles.

FREE NEWSLETTER
Sign up for Casino City's Newsletter and a Chance to Win an exciting Casino City Prize
CONTACT RGT ONLINE  |  EDITORIAL STAFF  |  SITE MAP  |  CASINO CITY  |  AUDIOVEGAS