Gaming Innovation Group Inc. Acquires Casinomeister

[MissExposé]

Gaming Innovation Group Inc. (GiG) announced the strategic acquisition of Casinomeister. This acquisition is following previous integrations of AskGamblers and KaFe Rocks. Casinomeister will continue to operate under its established brand, contributing to GiG Media's portfolio and business growth.

Source:

Gaming Innovation Group expands its reach in online gaming with the acquisition of Casinomeister

Gaming Innovation Group Inc. (GiG), a leader in digital marketing and media within the online

news.cision.com

 

[FictionNet]

F'in hell.

 

[bonustreak]

Good on Bryan, getting out while the getting is good

 

[eenzoo]

Actually i thought that site makes some pretty serious money.
If we consider, GiG and cohorts paying usually 5/6 even 7 times EBITDA ...
I mean 3 million (before tax) is nice ... but for a project he runs 26 yrs?
Really i thought there was more under the hood.

 

[baldidiot]

Actually i thought that site makes some pretty serious money.
If we consider, GiG and cohorts paying usually 5/6 even 7 times EBITDA ...
I mean 3 million (before tax) is nice ... but for a project he runs 26 yrs?
Really i thought there was more under the hood.

Especially when you consider that they paid €45m for Ask Gamblers.

 

[mashed]

3m seems little for such an established brand. Could there be more to the deal that we don't know about?

 

[AussieDave]

Really i thought there was more under the hood.

CM was once, the only place casino players had. There were a lot of benefits, once. As the years went on, the likes of LCB (latest casino bonuses), Ask Gamblers, etc., etc., began to flourish.

Competition can be a great thing, or it can also topple the mighty.

I'm surprised at 3Mil too - it's such a lowly figure.

Anyway... all that glitters, isn't always gold

Edit:
In circa 2015, Bryan sold GoneGambling.com to Greedy Girl. It was originally founded by John Abbott (RIP), who took on a Greedy Girl as a forum moderator around 2001. GG was before that time, a self confessed bonus whore, always looking for 'freebies'.

The only other sites I know that Bryan had was casinogazette.com and blitz21.com

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Footnote... With Bryan now out of it now, that leaves affiliates as: TheGooner (1999), AussieDave (Feb 2000), Bonusstreak (?)... Michael C., was never an affiliate

 

[bonustreak]

2003

 

[eenzoo]

Stop flexing around here guys :-D
As my favorite brit tech guy said: "Age is no guarantee of efficiency,"

 

[AussieDave]

Stop flexing around here guys :-D
As my favorite brit tech guy said: "Age is no guarantee of efficiency,"

IDK mate, my Lady say's... at 62 I'm quite the efficient one

 

[euromill]

Yeah i thought 3 Mill was pretty low - bu hey - its a decent amount and most would take that

 

[AidanLCFC]

surprised at the price, expected it to be more, and maybe it is, don't know. pleased for the fella though as on the few occasions I spoke to Bryan he came across as a decent guy.

 

[NPM]

I can only imagine that the old revenue rivers have dried up, hence the surprisingly low price and willingness to sell.

 

[AussieDave]

Euro 3Mil, not anywhere near what others have got, it's not a bad lump of cash.