MGT to Acquire Social Casino Developer Avcom
MGT Capital Investments has agreed to buy Avcom Inc. A New York City gaming studio which builds social casino games for mobile devices.As well as the casino games, Avcom has also developed a software platform for secure gaming, mobile development and sophisticated analytics. The company also has expertise in digital marketing and real money gaming.
The CEO of MGT, Robert Ladd, said, “The acquisition of Avcom, including its leadership team, places MGT in a strong position to capitalize on the popularity of the social casino industry as well as adding tremendous value to our other gaming properties. We couldn’t be happier with the exceptional talent that we have added to our team.”
The team at Avcom includes a former IGT artist who designed some of the most popular slot machines in casinos such as Hexbreaker as well as games based on themes such as American Idol, Sex and the City and the Dark Knight. Ladd also commented that MGT is now looking forward to developing and introducing “some truly unique slot machine content into the market”.
Avcom’s founder Jeremy Avin will remain General Manager of the gaming studio and he said that the company is “thrilled to be joining forces with MGT to focus on bringing the most innovative social casino games to players worldwide.”