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Empire Global completes two material acquisitions5 July 2016(PRESS RELEASE) -- Empire Global Corp., a company providing regulated online and offline gaming and wagering through licensed subsidies in Italy, announced today it has completed the acquisition of two key gaming companies, which includes a gaming software development company and licensed betting platform as well as a management company that operates a large portfolio of land-based gaming agencies throughout Italy. The businesses bring to Empire a full staff of software engineers, marketing and customer care agents as well as a key number of highly experienced gaming specialists. Empire will appoint key executives from the group to its board of directors and executive staff to continue rapid development of its gaming business beginning with the strategy in Italy. With these significant transactions, Empire is now a fully integrated online and land-based gaming company offering a full suite of leisure betting products with a powerful in-house, proprietary software technology. The deals further cement its plan to capitalize on the consolidation of the regulated gaming business in Italy by substantially increasing its land-based distribution ahead of the 2016 government license auction. Mr. Michele Ciavarella, Chairman and CEO of Empire Global Corp. commented, “The acquisitions of these enterprises demonstrates the commitment of our senior management in Italy and a high level of trust and confidence the key executives show in the opportunity that Empire has in the Italian market.” Mr. Ciavarella also stated, “The land-based portfolio managed by this team represents a major inflection point for Empire and a portal to multiply our land-based distribution vertical by providing turn-key operating locations prior to the completion of the renewal auction. Empire management has fostered this strategy for the past two years and is absolutely delighted to realise a substantial economic benefit to our operations as a result.”
Empire Global completes two material acquisitions
is republished from Online.CasinoCity.com.
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