There are some potential acquisitions and business developments in Italy and other jurisdictions
Empire Global obtains financing for new acquisitions
2015-11-03
Reading time 31 seg
Empire Global Corp. announced 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 is fully open for repayment without penalty and is guaranteed by certain shareholders of the company.
Empire 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. Our strong credit relationship with Veneto Banca also indicates confidence in the anticipated growth of our regulated gaming operations," said Michele Ciavarella, Chairman and CEO of Empire Global Corp.
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