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Royal Wins signs MOU to acquire Las Vegas skill-based games developer Antics Gaming

Published: 09:25 12 Aug 2021 EDT

Royal Wins Corporation - Royal Wins Corporation signs Memorandum of Understanding to acquire Antics Gaming LLC, a Las Vegas-based developer of skill-based games for Android and iOS platforms
Antics Founder and Principal Becky Harris will be an advisor and key resource to the company during the transition

Royal Wins Corporation (CSE:SKLL) has signed a Memorandum of Understanding (MOU) to acquire Antics Gaming LLC, a Las Vegas-based developer of skill-based games for Android and iOS platforms. 

In a statement, Royal Wins said the acquisition of Antics is the first in a series of expected acquisitions to build and grow its business model and will be a significant building block in the company's global development strategy. 

Also, the company anticipates that the purchase of Antics will include intellectual property, patent and trademark assets, and the assumption by Royal Wins of Antics' ongoing working relationships with Samsung, Apple Inc (NASDAQ:AAPL)., and Skillz Inc. 

READ: Royal Wins integrates UserTesting platform into marketing strategy for its Kash Karnival hyper-casual gaming app

Subject to certain approvals and confirmations, Royal Wins said Antics Founder and Principal Becky Harris will be an advisor and key resource to the company during the transition. 

Harris is the former chair of the Nevada Gaming Control Board and a noted academic on virtual gaming, esports and sports betting. She will bring a significant level of experience to Royal Wins' knowledge base in skill-based game development, intellectual property, and regulatory affairs.

"Acquiring an innovative game developer like Antics Games and its cutting-edge development teams will speed our integration of future gaming assets and represents a giant leap forward for Royal Wins," said Royal Wins CEO Peter Gan.

"And working with a creative force like Becky Harris will assist Royal Wins in remaining current with gaming trends and on top of the ever-evolving development landscape as we expand and diversify our portfolio of games."

Under the terms of the MOU, Royal Wins said it will secure a period of exclusive negotiation by way of a non-refundable deposit to be credited against the final acquisition terms. The company anticipates the completion of a purchase and sale agreement by the end of August 2021.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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