News services revealed, this week, that Spin Palace-Piggs casino group was taken over by Fairground Gaming Holdings plc for a $66 million consideration.
Fairground exexcutives said that the purchase of the Spin Palace group will be the cornerstone in the execution of Fairground's gaming consolidation strategy since both of the companies are well-managed and cash generative businesses. The executives believe that their combined potential will enhance the future revenues of the company.
Spin Palace Group comprises of two recently merged companies: Spin Palace and Piggs Casino. The company is a licensed online casino and they their technology is powered by Microgaming who are considered by Fairground to be the leading provider of online casino software.