GameAccount buys Money Gaming; salutes 'unsung' M&A
GameAccount Network has bought the operating assets formerly owned by The Money Gaming Corporation, the skill gaming site which entered liquidation late last year, with GameAccount chief executive Kevin Dale issuing a rallying call to small operators looking to exit...
GAMEACCOUNT NETWORK HAS bought the operating assets formerly owned by The Money Gaming Corporation, the skill gaming site which entered liquidation late last year, with GameAccount chief executive Kevin Dale issuing a rallying call to small operators looking to exit.
GameAccount develops and supplies of person-to-person skill-based games software to operators, with clients including Betfred, Boylesports, Gala Coral, Paddy Power, Sportingbet, Stan James, Rank and William Hill.
MoneyGaming.com launched in 2005, and was a site for players of backgammon, gin rummy and solitaire. MoneyGaming.com customers will be able to resume their online gaming activities with the GameAccount Network from 19 January 2010.
Dale (pictured) said: “Acquisitions of assets are the unsung strategy of the marketplace today. We all read of major acquisitions by publicly-listed companies but rarely hear of smaller-scale acquisitions within the small community comprising our industry. In publicising our third acquisition we’re reaching out to any and all small-scale gaming operators looking to find a safe home for their end-user community without having to close down and refund all individual customers’ deposits.”
The Money Gaming Corporation follows GameAccount’ acquisition backgammon website GamesGrid.com in 2008 and casual games website TreasureGames.com in 2005.
As reported on EGRmagazine.com, GameAccount launched its suite of real-money online skill games in Italy on behalf of lottery giant Lottomatica in December.