Empire Global, the investment fund behind the Italian iGaming brand Newgioco and land-based business Multigioco, has moved to further grow its business in the country with a $10m deal to acquire an unnamed licensed gaming business.

The company has signed a confidential non-binding letter of intent to acquire all of the issued and outstanding equity interests of the company, with the deal expected to close on or before December 31st 2015.

While Empire Global does not name the company, it describes it as one of Italy’s largest gaming operators...

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