Transaction Broadens and Diversifies AGS’ Product Portfolio
LAS VEGAS, June 18, 2015 – AGS (the “Company”), a leading supplier of Class II and Class III slot machines as well as specialty table games, announced today that it has acquired social gaming company RocketPlay.
RocketPlay, founded by Mani Honigstein and backed by Pitango Venture Capital, is a leading gaming company developing social casino titles for mobile devices. With primary offices in San Francisco and Tel Aviv, RocketPlay’s flagship product, Lucky Play Casino, gives players a casino-quality experience with slots, table games, tournaments, and live events.
“Our players love casino-quality slots, and AGS content is going to significantly enhance our games,” said Mani Honigstein, Chief Executive Officer for RocketPlay. “We’re already working on integrating select content, and are extremely excited about the opportunity to join the AGS team.”
“Adding an experienced developer like RocketPlay to our team is a huge win for us,” said David Lopez, President and Chief Executive Officer for AGS. “With renowned social game themes that are synonymous with exciting entertainment, RocketPlay enables AGS to enter this fast-growing market segment. Additionally, our recent acquisition of Cadillac Jack and entry into the table games space last fall underscore our strategy to amass compelling content and technologies that we can leverage across various platforms. RocketPlay is a perfect example of a whole new channel and player base in which to introduce the full complement of our content library.”
Greenberg Traurig’s Las Vegas and Tel Aviv offices served as counsel for AGS in connection with the transaction.
AGS is a full-service designer and manufacturer of gaming products for the casino floor. The Company’s roots are in the Class II, Native American market, and it has recently expanded its product lines to include top performing slot games for the Class III commercial marketplace as well as live felt table games. Connect with the Company on its corporate website, Facebook, Twitter, Instagram, and LinkedIn.
RocketPlay is a leading mobile social casino gaming company led by an experienced team of social gaming veterans. The company is funded by Pitango Venture Capital, and has primary offices in San Francisco and Tel Aviv.
About Pitango Venture Capital
Pitango Venture Capital (www.pitango.com), the leading venture capital firm in Israel, has been investing in technology entrepreneurs since 1993. With offices in Israel and Silicon Valley, California, Pitango currently manages several venture funds totaling over $1.6 billion in committed capital. It is invested in more than 180 companies; among them are companies that have gone public, such as JinkoSolar and Radware, and companies that were acquired, such as Borderfree (NASDAQ: BRDR; acquired by Pitney Bowes), dbMotion (acquired by AllScripts) Anobit (acquired by Apple) and Provigent (acquired by Broadcom). Pitango invests in seed, early stage start-ups, as well as growth phase companies in the IT, Life Sciences and Cleantech industries. For more information please visit www.pitango.com.
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