Software supplier Global Daily Fantasy Sports has announced plans to change its name to Playgon Games Inc., following its acquisition of Playgon Interactive last month.
The proposed rebrand is subject to a number of regulatory approvals, including authorisation from the TSX Venture Exchange stock exchange in Canada.
However, as per rules set out under the Business Corporations Act in British Columbia, shareholder approval is not required to proceed with the name change.
The announcement comes after Global last month finalised its acquisition of supplier Playgon Interactive.
First announced in December last year, Global said the deal would see it expand its footprint out of the daily fantasy sports sector and into the live casino market.
Guido Ganschow, the president, chief executive and principal shareholder of Playgon, joined the Global board as part of the acquisition agreement.
Speaking last month, Global chief executive Darcy Kroghsaid: “Live dealer is an exciting technology and I am thrilled to add this innovative next generation IP to our portfolio of digital content we can take to the market.”