Interactive
US – Costas Inc. makes play to buy Olympian Gaming
By Phil - 28 June 2017
Costas Inc., a specialist investor in Digital Currency projects, has opened talks to buy private Casino and Sportsbook organisation, Olympian Gaming Group.
Clifford Redekop, CEO, said: “We are utilising some very experienced talent from the gaming industry in Europe, Canada, and Asiato help identify the best targets, and our due-diligence showed Olympian Gaming Group 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. Olympian Gaming Group 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 Group is capable of providing state-of-the-art localized mobile payment solutions regardless of the market.”
“New Board of Directors addition, Stephen L. Gomes, comes from a prominent Las Vegasgaming family. His late brother, Dennis, is in the national Gaming Hall of Fame and was a leading executive in the casino industry. As a professor of international business, Mr. Gomes has been able to help us in pinpointing the best people and company to work with to build out our Online Casino and FINTech strategy.”
“We narrowed our focus down to a handful of companies that have strong existing player databases as well as a focus on specific markets that are high growth gaming markets,” said Stephen Gomes.
Olympian Gaming Group representative Charles Exeter 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.”
