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Monaker Group Acquires Indirect Majority Stake in Entity Which Owns Longroot ICO Portal

WESTON, FL, Nov. 19, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ:MKGI), a leading provider of travel and vacation rental booking technology, today announced it has acquired an indirect

· 11/19/2020 08:40

WESTON, FL, Nov. 19, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ:MKGI), a leading provider of travel and vacation rental booking technology, today announced it has acquired an indirect controlling stake in the entity which owns the Longroot initial coin offering (ICO) portal in Thailand, which provides certain financial services for digital assets regulated by the Securities and Exchange Commission of Thailand.

Monaker is planning to use Longroot’s technology and digital asset capabilities to create regulated cryptocurrencies designed to allow consumers to invest in unique revenue streams in wholesale travel, real estate homes and hotels, gaming assets and digital advertising – all complementary to Monaker’s portfolio and growth strategy.