April 10 - April has kicked off with a series of online casino acquisitions.
Two large Microgaming groups have each acquired an established online casino in what looks like very positive moves. All this activity is line with analysts predicting a lot of
consolidation and corporate activity this year...
The latest activity involves three established Microgaming Groups: Casino
Profitshare, Ad Riches and Casino Rewards.
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Casino Profitshare have purchased
Nostalgia Casino from the Adriches group,
which seems like a logical progression as they have been managing the casino
since late last year. Casino Profitshare in our opinion operate some of the most
well run online casinos like Music Hall Casino and
Golden Reef Casino.
The other Adriches casino, Phoenician Casino, has been sold to Casino
Rewards, itself the Microgaming operator with the most brands (including
Blackjack Ballroom and
Golden Tiger casinos.)
In a somewhat peculiar move, Casino Profit Share have sold
Aztec Riches
Casino and
Aztec Riches Poker to the
Casino Rewards group. This will bring the
total casinos owned by the Rewards group to 12, with four poker rooms, after
this group also purchased all of the
Captain Cooks Casino brands earlier this year.
We are rather surprised by this move, as Aztec Riches has been one of the most
solidly performing Microgaming casinos for a long time. I guess we'll never
really know the rationale behind all of these deals.
In other news the Palace Group, who operate brands like
Spin Palace
casino, have concluded the integration of the casino that they purchased from
the Leisure group, including
Mummy's Gold Casino and
Piggs
Online Casino.
We'll keep you up to date on the latest corporate activity in the online
gambling sector, and there is sure to be more in the near future.
Related Gambling Articles:
- Canbet Online Poker Announces $2 Million Grand Series - 04-11-06
- Online Casino Group Celebrates Spring - 04-10-06
- Yankees Still Favorites To Win 2006 MLB World Series - 04-10-06
- Phil Mickelson Wins The 2006 Masters - 04-10-06
- Online Casino Progressive Jackpot Winner Revealed - 04-09-06
- Online Gambling Prohibition - Carruthers 1 - Leach 0 - 04-08-06
- Online Casino To Sponsor Aston Villa Soccer Team - 04-07-06
- Online Casino Jackpot Won On April Fool's Day - 04-06-06
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