The Pennsylvania Gaming Control Board has given permission for Bragg to proceed with the $30.0 million (£24.0 million/€28.4 million) deal to buy Spin Games. In May of the previous year, the contract was agreed upon.
This acquisition will allow Bragg to expand its reach in the Online Casinos in the United States market.
“We are extremely pleased to have received Board approval to proceed with the acquisition of Spin Games,” said father-and-son co-chief executives Peter and George Horrigan.
Bragg Secures a Permit to Buy Spin Games
Bragg said that as a result of this permission, which was initially granted in December of the previous year before this week’s license approval, he expects the agreement to be finished by the end of this month.
The permission was first granted for the previous year’s license approval in December. As a result, spin Games, a Nevada-based gaming corporation, may now operate in several states inside the United States after the Supreme Court upheld its legality. The following states include Pennsylvania, Michigan, New Jersey, and Connecticut.
Since Bragg announced our intention to acquire Spin Games, the team has worked closely with the Spin Games staff to complete the technological integration between their remote game server and the technology platform. This connection was established before we announced our intention to acquire Spin Games. Spin Games will be able to begin operations in several markets in the United States shortly after the conclusion of the purchase at the end of this month as a result of all of our hard work. The approval of this license is evidence that the firms are ecstatic about closing their purchase of Spin Games.
Delivering More Sophisticated Player Engagement
They believe that the Spin Games/RGS combination will provide for the advantages of our sophisticated player engagement, data tools, and platform technology, in addition to Spin Games’ US market content and operator relationships, providing for a distinct and widely available igaming product offering. The major reason is that our RGS has advanced player engagement, data tools, and platform technology. The firm is licensed in New Jersey, Pennsylvania, Michigan, and Connecticut. The acquisition of Wild Streak Gaming was completed in May 2021, just before the firm entered into a $30 million purchase agreement with Las Vegas-based gaming company.