Genting Buys Authentic Gaming For €15m

Authentic Gaming, the leading niche supplier of Live Dealer Roulette streamed from premier land based casinos around the world has joined one of the largest land based casino groups in the world.

Originally Founded in 1965, Genting has over 55,000 employees with casinos, hotels, restaurants & leisure establishments in  Malaysia, New York, Las Vegas, Bahamas, Cairo, and Singapore,  including brands such as, Resorts World, Genting Grand, Genting Club, Crystal Cruises, Dream Cruises, Star Cruises and last but not least, the exclusive Mayfair Casinos – The Colony Club, The Palm Beach and Crockfords.

Authentic Gaming will continue to operate as an independent supplier to the online gaming industry.

Jonas Delin, CEO of Authentic Gaming, commented:

“Becoming part of Genting places us in an incredible position to expand our product into more casinos and studios, expand our portfolio to include more exciting live games, utilizing casino floor space and casino environments worldwide for the benefit of our entire B2B customer base and their players.”

“We have now laid the foundation for Authentic Gaming to take its next big step in live casino, 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. At the same time I want to thank LeoVegas for their tremendous support since the start and for the platform that LeoVentures has created for us to take us to where we are today.”

Jeremy Taylor, Managing Director of Genting Online, comments:

“Our global presence in land-based casino gives us a platform to grow online at a fast pace. 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.”

Gustaf Hagman, Group CEO, LeoVegas Mobile Gaming Group:

 “This is a milestone for LeoVegas. The time is now right to sell the enterprise to the industry giant Genting, which is the perfect buyer to take Authentic Gaming to the next level. The deal shows our innovative strength in the Group and our ability to develop and build sustainable companies. We have thereby created shareholder value with a more than a 100% return on our investment in Authentic Gaming.”

Live Casino Comparer Comment

Well I didn’t see this one coming, but I’m not surprised as Authentic is a good asset to have in your company. It will be interesting to see if Authentic Tables start appearing in Genting Land based casinos, when there is already a number of live tables being supplied by Evolution Gaming.

The jewel in the crown is to get a live streamed table from the strip in Las Vegas, and I’m excited to think that this could become a real possibility with the new Resorts World Casino in Las Vegas currently under construction. Lets hope any licensing difficulties can be over come.