“Penn National’s accretive acquisition of Rocket highlights our ongoing strategic initiative to acquire emerging growth platforms that complement, and allow us to leverage, our core regional gaming operations and database of over three million active customers,” said Penn National Gaming President and CEO, Timothy J. It made $5.6 million of operating EBITDA during the six month period ended June 30, 2016, the company says.įor Penn, this is a way for the company to continue to expand the kinds of games that it offers in physical locations, as well as to extend its brand and customer relationships further into the online world, for those times when people are not visiting those physical venues. Rocket Games said that in 2015 it grew 500 percent and is in the top 15 of all social casino gaming companies. Penn National says that it will pay $60 million in cash, as well as earn-outs of up to $110 million on top of that based on company performance. Rocket Games, a social gambling company based out of San Francisco, has been acquired by Penn National Gaming, the slot machine, video gaming machine, and casino company. ![]() While social games company Zynga’s push into real-money gambling may have had some hiccups, a group of alums who built a startup dedicated specifically to the genre have sold their company for up to $170 million.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |