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Unnamed Company Approached Gaming VC

Takeovers and acquisitions are becoming increasingly prominent in the online casinos gambling industry as the European gambling market booms and some of the larger companies are looking to take up more niche gambling companies and offer their players increased variety. Some companies have announced that partnerships and acquisitions are a main part of this year’s company focus (such as 888 which is intensely focused on expansion through partnerships and acquisitions) but other companies are surprisingly up for a takeover. Just last week Gaming VC Holdings SA, an online casinos gambling group, announced that the company has been approached by an unnamed company looking to acquire all of Gaming VC’s holdings, shares, etc.

The statement from the non-executive Chairman of Gaming VC, Adrian Smith, noted only the most basic information in a brief statement. According to Smith’s statement, Gaming VC may or may not receive an offer for the company and all of its online casinos gaming, betting, and poker holdings. But that was really the extent of the information, there is no indication of which company approached Gaming VC.

Gaming VC’s Board of Directors will be responsible for considering the company interested in a takeover, and once the Board has considered any offers, the online casinos gambling group will then release more information. Right now though, that’s about it on the information until a further press statement is issued.

Online casinos owned and operated by Gaming VC include: Casino Club, Casino Club Poker, Betaland and Poker Kings. These sites would all be included in any takeover deal.