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INTELIMAX RAISING CASH FOR NEW SOCIAL GAMBLING PLATFORM
Posted 3/2/11 : Gamboozle has a subscription business model
Vancouver-based Intelimax, an Internet media services company focusing on online games, social networking and web content, has been raising cash of over $750 000 through loan conversions to shares and taking out new loans at high interest rates this week.
The capital is necessary for the further development and marketing of the firm’s new gaming platform, according to a company statement.
$300 638 in current debt is to be converted into common shares for the debt holders, and the company is taking out a new loan of $450 000 at an interest rate of 15 percent with an investor. More stock worth $450 000 will be sold to two investors in a 24 month subscription agreement.
"We are very excited about the continued development and anticipated launch of our brand new subscription based gaming platform. Our flagship website gamboozle.com will offer members a variety of social gaming features to complement our new poker, casino and casual games and tournaments. The closing of this recent financing allows the company to remain on schedule to launch and market our new gaming platform to current and new members," said Glenn Little, President and CEO.
Using its proprietary InteliGaming multi player network, Intelimax offers subscription based gaming on its Gamboozle website.
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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