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Genting Buys Authentic Gaming For €15m

Genting has agreed to purchase Live Dealer operator Authentic Gaming from Leo Vegas for €15m. This represents more than a 100% return on investment over 3 years for Leo Vegas.

genting buys authentic gaming

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.

About Neil’s Live Dealer Casino News

Here at LiveCasinoComparer, I bring you the latest news from the live casino industry, all with my personal comment that explains why the news would be important to you.

This includes new game releases, mergers and acquisitions, expansions to new markets, game updates, important regulatory changes, exclusive interviews, conference reports and studio visits.

About Neil’s Casino Comparer Reviews

I have tried to be objective and consistent with all my live casino reviews. Hopefully, they will strike a chord with you, but I thought it might be helpful to explain the criteria I use to mark each of the casinos. Hopefully, the categories and explanations make sense.

Playability – What is the overall impression of the casino? Did I have a good time? are the dealers nice and chatty and is everything easy to understand? Does it have a good set of games and is there a comprehensive set of betting options? Are high stakes players taken care of?

Software – What is the software like to use and does it integrate well with the rest of the casino?. Are the images clear and is the video streaming fast? Have they taken more than the default shared tables? Is it available on mobile?

Payment Options – Does the casino have a good variety of payment options? Do they payout quickly and on time?

Security – How good is the reputation of the casino amongst other players? Do they hold a valid gaming license? Are they transparent about the security measures they have in place? Are they regularly audited? Do they publish this information?

Support – Do they have multiple methods for communication with me? Is support available 24×7? Do they have instant chat and are they quick to respond? Are they able to help me immediately? Do they have an online FAQ and self-help library? Are the support people knowledgeable about the product I’m playing?

Bonuses – Do they have bonuses?. How strict are the wagering requirements? Do they offer repeat bonuses?. Do they offer loyalty points and can they be redeemed for cash or playing credits?

After all that, would I play there regularly?

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