Genting UK PLC, a wholly-owned subsidiary of Genting Malaysia Bhd, has acquired Authentic Gaming to expand its Genting online casino. In the November 1, 2019 news release, it spent 15,000,000 euros (about RM70 million) on the acquisition. Authentic Gaming Online Gambling Games is a subsidiary of LeoVegas Mobile game Group.
Who is LeoVegas?
LeoVegas is a Swedish mobile game company founded in 2011. They are a provider of online casinos and Sports Betting Services to several international markets. LeoVegas issued a statement on October 30 that the sale price of Euro 15,000,000 was on a debt-free basis. In other words, Sellers have more than 100% return in three-plus years.
Background of Authentic Gaming
Authentic Gaming is a provider of premium live casino system for land-based and online casinos. It offers solutions such as authentic Roulette, Casino Floor studios, Intra Resort and live auto roulette. All Games instantly delivers players with all the tools in amazing wide-angle HD video. Also from luxury resorts and Casinos around the world. Thus, online players are able to join physical users on the table for Live games such as pure Roulette. Therefore, this popular Authentic Gaming also is available on many online casino platforms and the most reliable and trusted one is AFBCASH Trusted Online Casino Malaysia 2020, you may enjoy the game in the platform as well.
With faster live game demand and lower betting limits, Live 30-second auto roulette is definitely the best choice. 30 seconds roulette is a fast, fully automatic Live game. The game is seen as an incomparable growth in the online gambling industry.
Jeremy Taylor, Managing Director of Genting online casino said:
“Our global presence in land-based casinos gives us a platform to grow online at a fast pace.”Our vision is to offer our customers an amazing gaming experience from all of our casinos around the world, 24 hours a day through any device. With state-of-the-art technology and innovative products, we are confident that together we are well-positioned to realize that vision. ”
Gustaf Hagman, Group Chief Executive Officer LeoVegas said:
“Genting is the ideal buyer for pushing Authentic Gaming to another level.” This is a milestone for LeoVegas. Today is the right to sell the company to the giant, Genting. Which is the perfect buyer to take the Authentic Gaming game to the next level. ” This agreement represents our innovative strength in the Group and our ability to develop and build a sustainable company. We have created shareholder value with over 100% pure investment return, ”
Reference article: https://www.theedgemarkets.com/article/genting-buys-swedenlisted-leovegas-subsidiary
Genting Online Casino Business
Genting online casino is a subsidiary of Genting UK. This agreement will see Genting take advantage of streaming technology in its Authentic Gaming club. Extra speciality across land casinos and online casinos in the UK and around the world.
From this acquisition, online gambling is a clear future trend for gamblers. Even big giants like Genting Malaysia have decided to enter into this Agreement to strengthen their online gaming portfolio. More importantly, the online gambling business.
Although, online gambling is illegal in Malaysia. Yet there are thousands of online casinos on the internet available for Malaysian online gambling. Most offer exciting bonuses and comprehensive games. However, players should be careful when choosing an online casino for betting. If you are lazy to search for the best trusted online mobile casino in Malaysia, you may direct click here to find out!
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