Australia’s Synergy Plus, an ICT solutions company, that has a background as an IT reseller is set to buy ‘Chumba Casino’. ‘Chumba Casino’, an online casino, is currently owned by the four year old gaming company, VGW Holding Limited.
How Will New Comer Synergy Plus Fare
Compared to the expansive online gambling, gaming and casino background of VGW Holding Limited, Synergy Plus is placed as a newcomer to the online gaming world and may be portrayed as being out of its depth in this instance. Synergy Plus has a diverse and tumultuous history of various business ventures over the past 6 years. In 2009, Synergy Plus’ infrastructure business assets and 31 members of staff (all being considered as has having mid-range IBM technical skills) were sold to Computer Corp. In 2011 Synergy Plus ran into trouble and racked up a large amount of debt, owing millions to companies like Bluechip Infotech, Ingram Micro, Express Data, Avnet Partner Solutions and Synnex. This resulted in Synergy Plus having to appoint various administrators to their parent company. In 2013 Synergy Plus announced their plans to become a shell company and buy gold and base metal assets.
What VGW Holdings Bring To the Table
On the other side of the coin, VGW Holdings Limited boasts an annual revenue rate of $13 million. This particular gaming company makes use of various social media sites like Facebook to market itself and has ambitions to expand into the markets of European, Asian and Latin American countries.
Whether Synergy Plus will be successful in running and owning an online casino is a debatable topic. Perhaps, with the passing of time, we’ll see a turning of events for Synergy Plus in their online casino venture.