U.S. investment firm eyes online gambling acquisition

The US investment firm Costas Inc has confirmed in a press statement that it is currently in talks with the Olympian Gaming online gambling group with a view to a possible acquisition.

Costas chief exec Clifford Redekop, and company director Stephen L. Gomes, are leading the talks after narrowing down the number of companies with the right potential and appproaching Olympian.

“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,” said Redekop.

Olympian Gaming Group executive Charles Exeter confirmed that talks are in progress.