Business
Empire Global Corp. Adds 20 Web Shop Gaming Arcades and Opens 2 Corner Locations in Italy
Empire Global Corp. Adds 20 Web Shop Gaming Arcades and Opens 2 Corner Locations in Italy.
About this update from Elys Bmg Group, Inc.
[{"type":"text","content":"\n\n NEW YORK, Feb. 18, 2016 (GLOBE NEWSWIRE) -- Empire Global Corp. (OTCQB:EMGL) a company providing regulated online and offline gaming and wagering through its wholly owned ADM licensed subsidiary Multigioco Srl, announced today that it has secured an additional 20 online web-shop gaming arcades situated in Rome, Italy.  The locations currently generate approximately $2.5 million per year in gross betting wagers and have approximately 600 online gaming accounts.  The company has also now opened 2 additional Corner locations to its land-based portfolio in Rome.\n The company acquired the web-shop locations at no cost from a competing dotcom operator and will integrate the locations under our Multigioco online license with Newgioco branding and our new online sports betting platform by the end of March 2016.  The company will invest up to $125,000 for rebranding, refurbishing and marketing as part of the deal that is expected to add approximately $200,000 in annual earnings to our existing operations. “These additional web-shops strengthen our foothold and brand name recognition in this highly contested gaming region,” stated company CEO Michele Ciavarella. “Our work and expenditures over the past 24 months has established the operational infrastructure and manpower to add these assets and forthcoming opportunities without additional operating overhead. We expect revenue generated from these new locations to have an immediate and positive impact on our operating results.” About Empire Empire Global Corp., together with its wholly owned subsidiaries, Multigioco Srl and Rifa Srl, is a licensed gaming operator.  The company conducts its business primarily through our internet-based gambling and sports betting platform under the registered brand Newgioco on our licensed gaming website www.newgioco.it as well as land-based neighbourhood betting shops situated throughout Italy. The company, through its online gaming website and shops, provides a full suite of gaming products and services, such as sports betting, online casino, poker, and bingo and interactive games.  Additional information is available on our corporate website at www.emglcorp.com. This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 19...