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Progressive Gaming International to Acquire EndX
7 Sep 05 Progressive Gaming International Signs Definitive Agreement to Acquire EndX Group Ltd. Progressive Gaming International Corporation (NASDAQ: PGIC), the company formerly known as Mikohn, has signed a definitive agreement to acquire EndX Group Ltd. The deal was announced in Las Vegas on 6 September 2005. “By becoming a part of Progressive Gaming, we believe we can accelerate our revenue growth through complementary product portfolios” — Nick Boyes-Hunter, Co-Founder and CEO The two companies had been partners for more than three years. EndX Intelligence runs in over 175 gaming centres in more than 20 countries, including all three of the UK's largest operators, and is already built into CasinoLink Enterprise Edition. Together they had produced an international version of TableLink, and their joint North American installations include BCLC (18 sites), SIGA (4 sites) and the Choctaw Nation in Oklahoma (8 sites). PGI chief executive Russ McMeekin welcomed EndX "officially into the Progressive Gaming family" and said EndX's strength in the UK should speed up PGI's international growth. Nick Boyes-Hunter said joining PGI would take the business to the next level, and that EndX's three principals are expected to hold senior roles in the combined company. « back to 2005 news
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