Mr. Green Casino, through its Green Gaming Group, has announced that it has exercised an option to acquire all the shares in Garbo.com Mobile Casino and has also agreed to purchase all outstanding shares in the social casino studio, Social Thrills.
The Swedish company will be paying an amount of €0.5 million for DSRPTV Gaming Ventures in which it has already invested an amount of €0.5 million with an option to acquire the company, as well as three years annual royalties which were based on future earnings, until April, 2016 and has now taken up this option.
A new mobile casino product which directly targets female players who wish to play casino games via tablets or smart phones was launched by DSRPTV Gaming Ventures last October under the Garbo.com brand. This mobile casino has been run from Malta by Mr. Green’s former Chief Executive Officer, Marcus Nylen since January of this year.
Green Gaming Group will also acquire the outstanding 58.15 percent share in Social Holdings, the owner of the social casino studio Social Thrills for a maximum of SEK 16.6 million with an initial payment of SEK 2.22 million. The group already owns 4l.85 percent of the shares in Social Holdings.
Mr. Green & Co’s Annual General Meeting is due to be held on Thursday, 24th April, 2014, when a conclusive decision will be made on both transactions.