AngelCiti purchase of Midas is complete
By abigail
AngelCiti Entertainment inc has announced that its purchase of Midas Entertainment Inc is now complete. AngelCiti now owns around 85% of Midas shares. Midas will soon be trading on the public market using its own identifying symbol.

AngelCiti already owns Worldwide Management- a company which provides gaming software to online casinos. Midas will now be licensing specifically online poker software to online poker sites. As online poker revenues continue to grow at a tremendous rate, it is a smart move by AngelCiti to purchase a company whose sole purpose is to feed that industry. The new acquisition allows them to develop their interests in the lucrative online poker market, whilst not diluting their focus on their current areas of interest in the online casino industry.

The President of AngelCiti Entertainment, George Gutierrez released a statement emphasising that it was significant progressive step for the company to make this deal; 'This acquisition is a major event for the company, as we continue to follow up on our commitments to shareholders and take steps to grow the company. Online Poker is a huge industry and we have hired a separate operational team to fully pursue that opportunity, while we maintain focus on expanding the online casino operations. We look forward to posting some incredible numbers in the near future as a result of this new focus.'

 
 
 
 
 
Online Casino News.com provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.