Astra Gaming takes majority holding in Extreme Live Gaming

Austrian Gaming Industries GmbH subsidiary, Astra Gaming Group has become the majority share holder in Manila-based live dealer gaming company Extreme Live Gaming for an undisclosed consideration.

Under the terms of the deal, a new European studio located in London will be established to compliment Extreme Live Gaming’s existing Asian studios along with the integration of new sister-subsidiary GreenTube’s gaming suite.

Extreme Live Gaming, was reportedly founded in 2013 and carries a portfolio of Roulette and Baccarat in both mobile and web versions.  The company has developed a land-based casino solution that enables the delivery of  table games to a casinos player base utilising mobile, tablet, TV and PC platforms.

“This is a deal that will add immense value to what we offer as a gaming Group,” Zane Mersich, chief executive officer of Astra Gaming Group said.  “Our aim is to deliver to customers and players a world class experience in every facet of what we do. The Extreme Live Gaming brand brings an exciting, new and highly innovative edge to our portfolio – it exemplifies everything the Astra Gaming Group stands for.”

Darwyn Palenzuela, founder of Extreme Live Gaming added: “We are proud and delighted to be associated with the Astra Gaming Group and its parent, the Novomatic Group. In just a short space of time, Extreme Live Gaming has emerged as a leader in the live-dealer space – a position that can only be strengthened further with the backing of our new owners.”

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