|About the transaction:
||Akur advised GMR on the sale of Bear Group Limited, the sale of a perpetual licence to its gaming platform, and the sale of GMR’s residual interest in River UK Casino Limited
GMR has undergone a number of changes in 2018 as part of its strategy to focus on content development and international licensing. This transaction (which is subject to shareholder and regulatory approval, amongst other things) is in line with GMR’s strategic direction, continuing to build on its reputation as a highly regarded developer and licensor of games in the international gaming market.
In 2018, Akur advised GMR on the sale to River UK Casino of certain of its real money gaming brands, namely Pocket Fruity, Spin Genie, Britain’s Got Talent Games, X Factor Games and associated business.
Having built an excellent pedigree with the development and launch of approximately 20 games to date, this transaction provides an opportunity for GMR to focus its resources further on content development and international licensing of its Slingo brand and intellectual property.