Genting has agreed to buy LeoVegas’ Authentic Gaming live casino unit for EUR15 million ($16.6 million) to expand its online gaming business.
Authentic Gaming is one of three holdings included in LeoVentures, the LeoVegas Group’s investment company for innovative gaming-related businesses.
“We have now laid the foundation for Authentic Gaming to take its next big step in live casino,” said Jonas Delin, CEO and founder of Authentic Gaming. “I am very happy that Genting, with more than 50 years of experience in gaming and entertainment, shares our vision to weave online and land-based casino and has chosen to invest in our product and team. “
Genting, one of the world’s biggest land-based operators with its headquarters is Malaysia, is expanding its online gaming operations.
“Our global presence in land-based casino gives us a platform to grow online at a fast pace,” said Genting Online Managing Director Jeremy Taylor. “Our vision is to offer our customers an amazing gaming experience from all of our casinos around the world, 24 hours a day through any device. With Authentic Gaming’s advanced technology and innovative product, we are convinced that together we have a good position to realise that vision.”