Online casino content provider Lucky Games acquires ReelNRG

Online casino content provider Lucky Games acquires ReelNRG

Lucky Games has completed its buyout of London-based video slots developer ReelNRG, securing another milestone for the online casino content provider in enhancing its position in the global igaming market.

The transaction, which was finalized after the completion of due diligence in accordance with the initial announcement made the previous month, consisted of 2.5 million newly issued shares, each of which was issued at a price of SEK3.30. 

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More on Lucky Games – ReelNRG Deal

LL Lucky Games has identified several potential synergies, such as opportunities for cross-selling, optimization of costs, and the future prospect of pooling technological resources and licenses. 

Despite this, ReelNRG will continue to run its business independently. In its development studio in Hyderabad, India, ReelNRG now has nine people, eight of whom are developers. The city of London serves as the location of the company’s main office. The company is responsible for the creation and building of its own technology, and it is now able to provide its consumers access to 46 different games by obtaining licenses from regulatory bodies in Great Britain, Malta, and Gibraltar.

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Boost for Online Casino Content Provider

This is a big milestone for Lucky Games since it helps the firm to enhance its position as a wholly independent gaming studio that focuses on regulated markets, as stated by Mads Jorgensen, the chief executive officer of LL Lucky Games. In addition to this, he noted that with another strategic acquisition, we are creating more turnover through new revenue possibilities, which will contribute to the continued growth of the company’s profitability in the foreseeable future. This fresh potential for revenue generation will ultimately result in an increase in the company’s profitability.

The buyer will receive a number of benefits as a result of the acquisition of ReelNRG. These benefits include the acquisition of vital client integrations and licenses, the expansion of an already robust product range to include additional casino games, and the formation of a new development team in India. They are quite proud of the acquisition and content with it, and it is a privilege to have them become a part of the Lucky Games family.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.