● Game Lounge, a subsidiary of Cherry AB has paid €1m to acquire Slottracker.com.
● The purchase will allow Game Lounge to develop new features that allow players to gain more control over their gaming.
● There will be an additional purchase consideration of €300,000 if IGSP fulfils certain objectives.
A flutter of excitement is making its way through the casino gaming world right now following the announcement that affiliate company Game Lounge, a subsidiary of Cherry AB, has paid €1m to acquire the online casino tracker site Slottracker.com.
€200,000 will paid 12 months after the acquisition with a second additional purchase consideration. If IGSP fulfils a certain number of as yet unknown objectives over a period of two years €300,000 will be paid if the seller achieves certain objectives over a two-year period.
The program currently works with some of the biggest names in casino gaming and software including MicroGaming, Novomatic, NextGen, Red Tiger and SGI. Slottracker.com is a site that specialises in allowing a player to keep track of every bet he or she makes in casino games, therefore allowing them to carefully analyse which casino works best and subsequently tailor their game-play to their own individual requirements and methodology.
The CEO of Game Lounge, Jonas Cederholm, shared the following statement in which he provided details of the deal:
“The purchase of Slot Tracker complements Game Lounge’s already strong offering in order to help players find the right casino or other online games. We look forward to working with the people who built Slot Tracker to be able to develop new features that allow each player to gain more control over their gaming.”
His comments were echoed by the CEO of Cherry AB , Anders Holmgren, he said:
“Game Lounge is continuing to expand its business. Slot Tracker makes it even clearer that the company’s solutions give players access to information that provides an overview, so that players can choose a game more easily based on their own criteria."