The most unusual acquisition of the year?
images (72)
Two years after climbing its way out of administration, former IT reseller Synergy Plus Limited is planning to buy the Australian operator of an online casino.

The former managed infrastructure services provider has announced an agreement to buy VGW Holdings Ltd, which runs the sweepstakes “social casino” Chumba Casino.

It’s a far cry from Synergy Plus’s former life, the origins of which can be traced back to 1983 and Australia’s first IBM Premier Partner.

While CRN understands Synergy Plus Limited is currently a part owner of Sydney mobility solutions provider Airdata, its history goes back to a mid-range server and storage services business, offering managed infrastructure and hosting services, application development, IBM application software consulting and application managed services.

Customers included Coles Group, Officeworks, Target Australia, Kmart Australia, Toyota Australia, Bluescope Steel, Elders, Challenger, Corporate Express Australia, Crown and Spotlight.

It was eventually bought by Hyro, the predecessor of the now-analytics provider Invigor.

Synergy Plus’s infrastructure business assets, including 31 staff with “significant IBM mid-range technical skills”, were sold by Hyro in 2009 to ComputerCorp, which renamed itself to the company known today as Synergy Plus Limited.

Its next phase wasn’t all smooth sailing. Synergy Plus Limited ran into trouble in 2011, appointing administrators to the parent company and also to subsidiary Synergy Plus Operations.

Millions were owed and a string of channel companies named as creditors, including Ingram Micro, Avnet Partner Solutions, Express Data, Synnex, Bluechip Infotech and Distribution Central, as well as GE.

Synergy Plus later entered into a deed of company arrangement, announcing in 2013 the removal of the company from administration and plans to buy gold and base metal assets and become a shell company. That deal was later terminated.

VGW Holdings boasts “over 20 quality slot machines” and a sweepstakes cash prize play which it calls both a “game-changing innovation” and “online gaming alternative for all 50 states in the United States, where online gambling is largely prohibited”.

Four-year-old VGW Holdings, which has the trading name Virtual Gaming Worlds, claims 8,000 customers and has an annualised revenue run-rate of over $13 million.

The gaming company markets itself via Facebook, with games involving “virtual” currency plus cash prize gameplay. VGW has ambitions to expand to lottery, poker and sports gaming and to move into the Asian, European and Latin American markets.

Internet Security - it is quite a big issue, especially in online casinos. No matter how many precautions have been taken, there is always a risk of losing your money. Despite the fact that most visitors of online slots, or other casino games, generally trust those with whom they play, every time it is necessary to give information about your credit card, personal information and so on. Moreover, it is annoying. Even the safest casinos are not immune to hacking, dashing, raids by hackers and other troubles.

However, if we ignore the fears and myths, it turns out that things are not so bad. Casinos have learned in their work to apply the same techniques used by banks. What could be more reliable than a bank? These methods provide almost perfect protection for your account. We need only remember that the security of your funds largely depends on you-do not use simple passwords, do not tell your passwords to anyone, and so on. According to the statistics, the majority of break-ins occur not because it involved some ingenious hackers, but because the player did not pay enough attention to the safety of his or her account.

The vast majority of banks, credit organizations, funds and other financial institutions now use encryption technology that is based on the use of 128-bit protocol SSL. SSL or Secure Socket Layer - a digital encryption technology, which is much more difficult to break than, for example, a forged signature. Many casinos have long started to use this protocol. We can assume that in the virtual space of your money is protected, perhaps even better than in reality. So, don't worry, but be careful.

About Online Casino-X

Online Casino-X is a website dedicated to online gambling in Canada. With our help, even a beginning player will be able to understand all issues and find best Canadian casinos online. Top online casinos on the will be useful for everyone. Our goal is to become a perfect guide for online gambling, that is why we made a special investigation about security and safety of online casinos!