Costas opens talks over Olympian Gaming Group acquisition
Investment company has Costas revealed that it is in talks over the potential acquisition of private casino and sportsbook organisation Olympian Gaming Group.
Although a deal is yet to be agreed, Costas confirmed in a statement that its chief executive, Clifford Redekop, is taking part in preliminary discussions, along with new director Stephen Gomes.
Olympian Gaming is active in the online casino sector and offers various services to this area of the gambling industry, including mobile-related financial services and fraud prevention.
“We are utilising some very experienced talent from the gaming industry in Europe, Canada, and Asia to help identify the best targets, and our due-diligence showed Olympian Gaming to be best aligned with top international casino management platforms, world leading gaming software and very robust payment systems that we believe will meet the demand of the international online casino market,” Redekop said.
“Olympian Gaming has a history of working with Tier 1 partners in mobile financial technologies and fraud prevention platforms, which are crucial to a successful online gaming business.
“Olympian Gaming is capable of providing state-of-the-art localised mobile payment solutions regardless of the market.”
Charles Exeter, a representative for Olympian Gaming, added: “Costas Inc. is a company which understands the importance of FINTech combined with real world business operations.
“We strongly believe in this vision as online casino and gaming operators in the EU, Asia and Central/South America have been pushing the boundaries of mobile and alternate payment systems as a course of doing business.
“It has become a fact that crypto-currency is a requirement for doing business in the international online gaming world especially if we are transitioning from B2B into a B2C operation.”
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