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Newgame Invests in AlchemyBet
4/23/2012 : NEWGAME BACKS ALCHEMYBET
Second high potential investment
The digital gaming-focused venture capital fund NewGame Capital, formed by Cashcade co-founders Simon Collins and Patrick Southon and supported by Bwin.Party Digital Entertainment, has reportedly made its second investment in mobile games developer AlchemyBet.
The fund set up towards the end of last year with an initial GBP 15 million investment from Bwin.Party and another GBP 1 million from the investment team was formed to invest in high potential start-ups in the monetised digital gaming arena including casual, social, online and mobile platforms.
NewGame Capital supports its new investments, its first being Avatingo , with more than just financial means, sharing its connections, delivering advice on licensing, payment processing and the like to ensure its investment reaches full potential - "when you talk to young start-ups, they don’t have the first idea what they would do about tax or how to market and promote their services,” says Simon Collins.
Sheffield-based AlchemyBet earlier this year launched its new mobile brand "Pocket Fruity", a mobile casino slot game destination themed around the original fruit machine slot format. Featuring high definition and HTML5 technology, Pocket Fruity is available in both download and Flash and is compatible with most smartphone platforms.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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