[ Home ]

[ Slots News ]

Online Slots Distributor Looking to Expand

The online slots distributor and reseller Asian Logic, is looking to move into London, and if approved they would become the first Asia-based gaming company to do so. They are trying to raise roughly $110 million so that they can purchase several online slots operators, as well as a host of other ideas.

They would like to eventually own several online slots companies, sports betting groups, software developers and set up a gaming investment fund. The company will have a market value of more than $250 million if they are successful. They already offer online slots from Playtech, and distribute slots.

The company is known for their online slots, online poker, and online casino holdings. They do not get involved in the UIGEA mess that the United States has going on, instead refraining from offering US customers the ability to bet on their online slots and gambling sites. Instead they rely on the majority of their revenue coming from Asia.

The online slots and gambling company has been around for five years now, and has already been given a pre-money value of $160 million from Collins Stewart. Their shares of their senior managers are locked in for 12 months, which makes them all that much more financially viable.

The majority of their online slots revenue from this year will come from their gaming clients like Playtech, Neteller and Betfair, and will continue to grow as they expand. Experts say that with the expansion of the Asian market going as it has been, they see huge increases in revenues from the industry.

Back to December 2007 Archive.