Grand Monaco Sold To Playshare
Published: Friday, November 17, 2006 Online-Casinos.com
GRAND MONACO SOLD TO PLAYSHARE
Did the UIGEA scare off online casino owners?
Grand Monaco online casino seemed to have everything going for it when it launched earlier this year - a great site, experienced management with sound financial backing and top tier gambling software, yet this week the news started filtering through that the operation has been sold for an undisclosed sum to the Playshare group, joining Pokershare and Casinoshare in the groups inventory.
In a deal finalised at the beginning of November but announced this week, Playshare plc acquired Grand Monaco parent group Grand Gaming Group (3G) together with its affiliate marketing program 3GPartner and a German site branded Deutsches Grand Monaco.com. Playshare spokesmen say the deal is part of the group's ambitious strategy to be one of the top 5 online gaming groups within the next 5 years.
Playshare also has expansion plans for the Asian and Spanish markets, although these were not detailed in the company statement.
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