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MGT Capital acquires social casino studio Avcom

14th November 2013 8:41 am GMT

Investment firm MGT Capital Investments has finalised a deal to acquire Avcom Inc, a New York-based developer focused on mobile social casino products which operates under the Mobile Vegas brand.

Through the acquisition, MGT has acquired Avcom’s proprietary software platform used for mobile development and incorporating an analytics solution, as well as the team’s expertise in digital marketing and real-money gaming. 

It will pay 491,000 shares of MGT restricted common stock to acquire full ownership of Avcom, [...]

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