Jadestone has completed a management buy-out from its parent company, Nordic gaming operator Paf.
The buy-out agreement, which means the company is now 100 per cent owned and controlled by its current management team, includes the entire corporate structure, including all staff, gaming platforms, intellectual properties and other resources currently employed by Jadestone in its development and operation of online casino and multiplayer gaming solutions for global operators.
"Our relationship with Paf has been invaluable for our growth into an established player in the global online gaming arena," said Robert Henrysson, Jadestone CEO. "However, the synergies have diminished as Paf concentrates on the consumer business while Jadestone's focus is on B2B gaming platforms." Henrysson expects that the company will continue to be a key provider of popular games to Paf.
"It's a rare luxury for management teams to get a chance like this," said Tobias Nissen, business development director for Jadestone. "We hope and believe that the independence and flexibility now gained will enable us to serve and delight both current and new clients even better."
