Empire Global signs up to 180 online gaming arcades in Italy

(PRESS RELEASE) -- Empire Global Corp. is pleased to announce that through its wholly owned subsidiary Multigioco Srl., it has signed under contract up to 180 additional online Web-shop gaming arcades situated throughout the highest grossing gaming regions in Italy. The locations currently generate largely sports betting revenue and have approximately 2,000 online gaming accounts.

The deal expands the company's online footprint to over 1,000 Web-shop locations and approximately 25,000 gaming accounts while its online gross gaming revenue is projected to increase to approximately 100 million euro annually with improved margins. The company expects all locations to be integrated under its Multigioco online license and flagged with its originalbet.it branding by the end of September 2015.

"The acquisition of these prominent locations is a major stepping stone in our strategy for the 2016 license tender in Italy and is a great result for expanding the New Gioco and Multigioco brand in the market," remarked Company President, Alessandro Marcelli.

"We are absolutely delighted with this considerable accomplishment by our management team," stated Michele Ciavarella, CEO of the Company, "the transaction brings us steps closer to our goal of meeting the criteria for an exchange listing in the near future."