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Monaker Group (NASDAQ: MKGI) has announced a Letter of Intent with Magnolia Quality Development Corporation (MQDC) to act as Financial Advisor and ICO Portal for a proposed ICO valued between US$500-700 million. This partnership aims to offer retail investors access to MQDC’s flagship project, ‘The Forestias,’ valued at approximately US$4.12 billion. Monaker, holding a 57% indirect stake in Longroot, anticipates growth in the cryptocurrency sector, projected to reach $3.7 billion by 2025. However, no assurance is given regarding the finalization of definitive agreements.
Monaker Group (NASDAQ: MKGI) has acquired an indirect controlling stake in Longroot, a Thai ICO portal providing financial services for digital assets, regulated by Thailand's Securities and Exchange Commission. This acquisition aims to enhance Monaker's travel and digital asset capabilities, targeting the booming global cryptocurrency market projected to reach $3.7 billion by 2025. Monaker is also moving forward with acquiring a 33% stake in Axion Ventures and plans to acquire HotPlay Enterprise, aiming to transform into a global player in travel and digital entertainment.
Monaker Group, Inc. (NASDAQ: MKGI) has successfully acquired a 33% equity stake in Axion Ventures, Inc. (TSXV: AXV; OTCQB: AXNVF) and its subsidiaries, including Axion Games, known for high-value game content. This acquisition, along with a planned deal for HotPlay Enterprise, aims to transition Monaker into a technology enterprise that leverages video gaming and in-game advertising. Monaker issued preferred stock to Axion debt holders, leading to significant share dilution post-acquisition approval. The gaming market is projected to grow to $200 billion by 2023, presenting opportunities for revenue growth.
Monaker Group, Inc. (NASDAQ: MKGI) has announced a significant partnership with HomeToGo, the largest vacation rental search engine globally. This collaboration allows HomeToGo users to access and book Monaker's Alternative Lodging Rental (ALR) properties seamlessly. With a vast inventory of over 18 million vacation rental options across more than 2,000 websites, this integration enhances visibility and booking convenience for travelers. Monaker's proprietary Booking Engine ensures accurate availability and instant confirmations, aligning with the growing demand for alternative lodging solutions.
Monaker Group, Inc. (NASDAQ: MKGI) has launched mobile apps that allow travelers to explore Maupintour's global tour packages and book vacation rentals, enhancing user accessibility. The Maupintour mobile app, available on Apple and Google Play, aims for a seamless customer experience, offering customizable tour options and future AI-driven recommendations. This launch supports Monaker’s strategy for high-quality tech solutions in travel. The company continues to innovate its Booking Engine to improve customer service and interaction across devices.
Monaker Group (NASDAQ: MKGI) has updated shareholders on its acquisition progress of HotPlay Enterprise Limited and a 33% stake in Axion Ventures. HotPlay has engaged Marcum LLP for auditing, with financial statements expected to be completed soon. Monaker has received $2 million in advances and will obtain another $1 million shortly. Upon closing, the merged entity will be debt-free with $12.5 million in cash. Monaker will rebrand as NextPlay Technologies and aims to enhance its video gaming and travel sectors.
Monaker Group, Inc. (NASDAQ: MKGI) announced the integration of its Monaker Booking Engine (MBE) with Agoda, a digital travel platform under Booking Holdings. This partnership allows Agoda's extensive customer base to access Monaker’s alternative lodging rentals instantly. The integration is facilitated by a RateGain connection, enhancing the travel experience with more choices for quality accommodations at competitive prices. Monaker's CEO emphasized the company’s commitment to expanding access to a global inventory of vacation rental properties.
Monaker Group (NASDAQ: MKGI) has successfully integrated its Monaker Booking Engine (MBE) with the Maupintour.com travel platform. This integration enables clients to access Monaker's extensive inventory of alternative lodging rentals (ALRs), facilitating instant bookings. The move capitalizes on the growing demand for ALR options, especially during the pandemic, and adds new features like private air travel bookings planned for this fall.
Monaker Group (NASDAQ: MKGI) announced the acquisition of 100% of HotPlay Enterprise Limited, a UK-based in-game advertising company, along with a minority stake in Axion Ventures, Inc.. This deal grants HotPlay shareholders a 67.8% stake in Monaker post-merger, while current stockholders will reduce to 17.4%. HotPlay is expected to contribute $15 million for enhancing Monaker's technology and marketing capabilities, transitioning the company into a diversified player in travel, gaming, and digital advertising.
Monaker Group (NASDAQ: MKGI) has launched a new website, Maupintour.com, revitalizing the 70-year-old tour company for post-pandemic travel. The site will offer customized tour packages and luxury vacation rentals through the Monaker Booking Engine (MBE), aiming to enhance their brand recognition and meet evolving travel demands. CEO Tim Sikora highlights the strategic role of Maupintour in expanding Monaker's portfolio, while the company prepares for a potential surge in travel bookings in summer 2020.
