Recently, Penn National Gaming, Inc. announced that it has acquired Rocket Games, Inc.
Rocket Games, a leading developer of social casino games, is being bought for approximately $60 million cash.
Rocket’s library of over 50 social casino games feature hits such as Viva Slots Las Vegas, Downtown Deluxe Slots, Triple Double Slots and Vegas Jackpot Casino, along with popular licensed titles such as Popeye Classic Slots.
Penn National Gaming President and CEO, Timothy J. Wilmott, says that Penn National’s accretive acquisition of Rocket “highlights our ongoing strategic initiative to acquire emerging growth platforms that complement, and allow us to leverage, our core regional gaming operations and database of over three million active customers.”
Chris Sheffield, Senior Vice President and Managing Director of iGaming at Penn National Gaming, added, “We are excited to acquire a best-in-class social casino game developer in a transaction that greatly expands our in-house capabilities and further diversifies our portfolio of leading gaming entertainment assets. Rocket’s growth and industry and consumer acclaim over the past 12 months is impressive given their lack of funding from outside investors or access to the resources and experience of an established casino operator.”