Wagermill and The Gaming Lab merge to create GECO Gaming

UK games developer Wagermill has finalised a merger agreement with Australian software supplier The Gaming Lab as part of a strategy that will see the companies launch a remote gaming servier (RGS) and distribute their products internationally.The merged entity will operate under the name GECO Gaming Group, with offices in London and Sydney. It will develop the Game Engine Co-Operative (GECO) RGS to allow for its Flash and HTML5 games to be distributed as widely as possible.

The GECO RGS will also feature content from a number of other software developers such as The Games Company, MX Digital and Lightning Box Games, with a range of slots, table games and bingo products.

Both Wagermill and The Gaming Lab hold licences from the Alderney Gambling Control Commission. Wagermill has also secured a supplier licence from the UK Gambling Commission, while its partner is currently going through the approval process.

Wagermill chief executive Mark Paling said that the independent gaming market had changed significantly over the past few years, and he was delighted to partner TGL chief executive Aaron Neill-Stevens and his team to “create a significantly bigger unit than the sum of the two businesses.”

“The next twelve months promises to be a very exciting time and we are putting ourselves in a position to capitalize on it,” he added.

“Merging with WagerMill and working with a UK business which has their industry knowledge and pedigree is absolutely the right step forward for our business,” Neill-Stevens said of the deal. “It will demonstrate that game Developers working together will achieve massive benefits for everyone right through to the players.”

“As well as this, we are shortly to announce an industry changing delivery platform which promises to improve the speed and efficiency of future game delivery to market,” he added.

source : www.gamingintelligence.com

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