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Online Casino Conditions >>> Betting News >>> September News

Gaming Modules Combine in Acquisition/Merger
Casino Conditions Staff

The gaming management software producer, EndX, has officially been bought out by Progressive Gaming International Co. for $27 million.  The two companies have worked together hand-in-hand over the last few years, and have successfully implemented several management suites for casinos around the world. The word now is that the two companies will spearhead a joint effort in expanding its services to gambling communities in North America as well as further develop its state-of-the-art gaming technology and software systems.

Two largely successful gaming companies, EndX and Progressive Gaming International, have officially announced the completion of their acquisition, which in actuality, resembles more of a merger in many respects.  The terms of the deal give Progressive Gaming a full acquisition of EndX for $27 Million cash, and top management positions to several EndX officers.  What makes the deal so homogenous is that the two companies have been strong strategic business partners for over three years now, complementing each others service to offer some of the best land-based casino hardware and software management packages in the world.

EndX, which has strong ties to the European gambling industry, has implemented its Intelligence Product Suite in several casinos around the globe.  In recent times, with the collaboration of Progressive Gaming, this high-tech gaming management module has been implemented into the CasinoLink Enterprise Edition, which primarily manages slot modules.  The system is one of the most technically advanced in the gambling industry, which more and more North American casinos are beginning to get wind of.  Already, the Choctaw Nation tribe in Oklahoma and the Columbia Lottery Cooperation are set to begin using the patented software.

Chief Executive Officers of both companies stated how pleased they are to be making the acquisition.  Past success has gone so well that both companies only expect continued growth without any setbacks whatsoever caused by the acquisition.  The portfolios of both companies are quite similar, but at the same time, are diverse from one another, thereby complementing each other very nicely.  Progressive Gaming is confident that both it and EndX's services to the gambling industry will now be maximized by combining their resources and working together on a full-time basis.  A marketing campaign is predicted to come soon, which should spotlight the homogenous gaming management services Progressive Gaming can now offer in one complete package.  A continual increase in revenue, as well as new clients in the UK and international market are expected to offset the costs of the acquisition, and take Progressive Gaming to a new standard in gambling module services.

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