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Empire Global obtains financing for new acquisitions

1 Nov 2015

(PRESS RELEASE) -- Empire Global Corp. is pleased to announce that through its wholly owned subsidiary Multigioco Srl., it has obtained a bank loan of Euro 500,000 at an interest rate of 5% per annum with monthly payments of approximately Euro 9,426 for a term of 5 years from Banca Veneto ScPA. The loan which the Company expects to close on November 2, 2015 is fully open for repayment without penalty and is guaranteed by certain shareholders of the Company.

Empire, a publicly traded company that provides legal and regulated online and offline gaming and wagering to its customers throughout Italy, has recently announced a number of business developments and potential acquisitions in Italy and other jurisdictions.

"Completion of this bank financing from a key European banking firm signals strength in our existing business operations in Italy," stated Michele Ciavarella, Chairman and CEO of Empire Global Corp. "Our strong credit relationship with Veneto Banca also indicates confidence in the anticipated growth of our regulated gaming operations."
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