Merger time at the online casino business
As the online casino industry grows, and grows, more mergers are expected to take place between various online casinos, an online casino and a software provider or any other combination. Such a merger took place recently, and will likely have an effect on the market in general, and developments in online casinos in particular.
One of the online casino industry's leading software development companies, Play Tech, has recently acquired another online casino technology company, 1st Technology LLC. The license agreement between the two allows Play Tech to make use of the patents and other online casino innovations developed by 1st Technology. The company said of the agreement: "We are delighted that industry leader Play Tech is now a licensee. Our new relationship will allow us to develop superior gaming products to the online casino market."
With the signing of this license agreement and others to follow surely in the future, the business is seeing a new stage in which not only new online casino companies are founded, but they join in ventures and projects, or in the stock market. New developments are expected to come out of these deals and along with them promises to the online casino community.
- 28 Sep 2006
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