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DraftDay Gaming Group formed
Wednesday, September 9, 2015 : VIGGLE - SPORTECH J.V. ACQUIRES DRAFTDAY FROM MGT
DraftDay Gaming Group formed.
DraftDay Gaming Group, a new entity formed by a joint venture between Viggle Inc. and Sportech Digital has completed the acquisition of fantasy sports business DraftDay from MGT Capital Investments.
“By combining and capitalizing on the well-established operational business assets of DraftDay, Sportech and Viggle, the new company is well-positioned to become a significant player in the explosive fantasy sports market,” a company statement said.
The new entity is 44 percent owned by Viggle, 35 percent Sportech Digital and 10 percent MGT Capital with the balance owned by employees and other shareholders.
Robert F.X. Sillerman will serve as Chairman of the Board of the DraftDay Gaming Group, and current president of Sportech Digital, Rich Roberts, as chief executive officer.
Nic Sulsky, formerly of Sportech Digital, was named President, and John C. Small, chief financial officer of Viggle, will act as chief financial officer of DraftDay Gaming Group.
Larry Kom, formerly chief information officer of MGT, will join DraftDay as chief technology officer, accompanied by the full product development team.
MGT earned $5.0 million in total consideration, comprising Promissory Notes of Viggle Inc., restricted shares of VGGL common stock, and a retained equity interest in the new venture.
In addition, MGT receives warrants exercisable into the new entity.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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