GameAccount acquires MoneyGaming.com

by GameAccount Network

London / / 2010-01-14 (GlobalGamingPR) - London, Thursday 14th January 2010 – GameAccount Network, Europe’s leading developer and supplier of person-to-person skill-based games software to major eGaming operators, announces the acquisition of operating assets formerly owned by The Money Gaming Corporation Limited which entered liquidation in late 2009.

Under the terms of the transaction customers of www.MoneyGaming.com will be able to resume their online gaming activities within the GameAccount Network from 19 January 2010. MoneyGaming.com operated since 2005 and became a popular International destination website for players of backgammon, gin rummy and solitaire.

This is the third asset acquisition undertaken by GameAccount Network following the acquisition of assets comprising backgammon website www.GamesGrid.com in 2008 and casual games website www.TreasureGames.com in 2005. All players’ activities will be governed by the UK gaming licence held by GameAccount Network from the UK Gambling Commission.

“In acquiring the MoneyGaming.com assets we are rescuing a community of International players and giving them a safe and financially stable UK-licensed place to continue playing online skill games for real money competition,” comments Dermot Smurfit, COO GameAccount Network. “GameAccount Network is now an established acquirer of online gaming assets with a strong tier-one operating licence in the UK and market-leading skill gaming software. We welcome all players from MoneyGaming.com as new members of the GameAccount Network.”

Kevin Dale, CEO GameAccount Network added, “Acquisitions of assets are the unsung strategy of the marketplace today. We all read of major acquisitions by publicly-listed companies but rarely hear of smaller-scale acquisitions within the small community comprising our industry. In publicising our third acquisition we’re reaching out to any and all small-scale gaming operators looking to find a safe home for their end-user community without having to close down and refund all individual customers’ deposits.”

Category: online gaming / Contracts