GameAccount Network Acquires Gaming Assets of The Money Gaming Corporation
GameAccount Network has acquired the operating assets formerly owned by The Money Gaming Corporation, the skill gaming online site, which entered liquidation late in 2009, with GameAccount chief executive Kevin Dale releasing a rallying cry to small gaming operators looking to exit the company.
GameAccount creates and supplies person-to-person skill-based game software like backgammon, which has been steadily gaining popularity among online players, for gaming operators like Boylesports, Betfred, Paddy Power, Gala Coral, Stan James, Sportingbet, Rank and William Hill.
MoneyGaming.com was launched in 2005 and was an online site for players of backgammon as well as solitaire and gin rummy. MoneyGaming.com players will be able to resume their gaming activities with the GameAccount Network on January 19th, 2010. Dale said that acquisition of gaming assets are one of the strategies in the gaming market today.
Dale said that we all heard of major acquisitions by publicly-listed organizations but rarely hear of smaller acquisitions within the gaming community. Dale added that in publicizing their third acquisition, they are reaching out to any small-scale gaming operators that are looking to find a safe haven for their end-user community without having to shut down and refund all individual players' deposits.
The Money Gaming Corporation acquisition follows GameAccount's buyout of online backgammon site GesGrid.com in 2008 and casual games online site TreasureGames.com in 2005.
14 2010
