Googling Tusk+Microgaming brings me here:
Microgaming - About Us, Our Case Studie
Global Approach Ltd (formally Tusk) launched into the online casino marketplace 5 years ago using software powered by Microgaming, therefore when the ...
www.microgaming.com/casestudies.php - 17k - Cached - Similar pages
Clicking the link doesnt show the qouted text though (so its rescently removed obv)
This is what I found on Global Approach Ltd:
http://www.globalapproach.com.au/
http://www.asx.com.au/asx/research/C...on&asxCode=GLO
From a 2006 business plan:
Global Approach Acquisition Update
JUM is a substantial shareholder of Global Approach Limited (ASX:GLO) with 18.0% of the shares. GLO
announced on the 29th of March 2006 to acquire Tusk Investment Corporation (Tusk) for AUD$19.3
million to create one of Australia's premier online gaming companies. GLO yesterday announced an
update to the progress of this acquisition.
The main points of the Acquistion are:
• Purchase Consideration $19.375 million through the issue of 155 million fully paid ordinary GLO
shares at an issue price of 12.5c per share.
• Tusk anticipated results for the 12 months to June 2006 include Revenue $7.1 million and
EBITDA $2.5 million.
• Post acquistion gaming operations will consist of 5 mature online casinos and 3 online poker
sites.
• Number of depositing players is expected to grow from 42,000 to 151,000.
Mr Mike Veverka, CEO of Jumbo and Alan Phillips, Chairman of Jumbo are both non-executive directors
of Global Approach Limited. Jumbo Corporation Limited currently holds 11.6 million ordinary shares
(18.0%) of the fully paid ordinary shares in GLO. The full GLO announcement is attached.
Jumbo Corporation Announcement - Page 4 of 4
For further enquiries, please contact:
Mike Veverka, CEO
Email:
mike@jumbocorporation.com
Web:
www.jumbocorporation.com