Video gaming firm moves toward sale
Reno’s 5000 Ft. Inc., a company that develops interactive entertainment products such as casino games, may be acquired by Media Exchange Group Inc. of Los Gatos, California.
Media Exchange said last week it’s signed a non-binding letter of intent to acquire 5000 Ft. Terms weren’t disclosed.
The Reno company, which got its start 10 years ago as a developer of video games and moved into casino products five years ago, would retain its name and operate as a wholly owned subsidiary of Media Exchange Group.
Customers of 5000 Ft. include International Game Technology, Bally Gaming and Cantor Gaming.
The firm was founded by Tim Page, a former executive with Philips and Virgin Interactive. Its chief executive officer, Ian Grieve, is a former director with Sony Corp. and former commercial director with Warthog Games PLC.
Calm before the storm: Nevada hospitals grapple with mask shortages, staying safe as COVID cases grow
“It’s kind of hard. This is happening nationwide,” a critical care nurse who works at Renown Health told The Nevada Independent. “This isn’t just a Renown issue. Nationwide, nurses and providers are being forced into these situations where they have to choose if they’re going to take care of this patient or if they’re going to walk away.”