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GamyTech Looking To Raise $5 Million
GAMYTECH SEEKING $5 MILL IN INVESTMENT CAPITAL
Israel-based company specializes in creating real-money activity on skill-based mobile games.
Two years after launching in Israel, the real-money, skill-based mobile game platform provider GamyTech reports that its competitive games have already been downloaded over 500,000 times, and its player-base is currently doubling monthly.
The company can integrate popular games into its systems, or develop its own unique games in which players compete against one another and wagering adds to the interest and excitement.
Founder and CEO Jonathan Swerdlow is now seeking investment capital of $5 million in order to maintain momentum and expand, using conventional advertising, affiliate activity and social media channels.
Swerdlow successfully raised $2 million in seed money from angel investors to start his company in June 2014, launching his first games a few months later.
The company has a number of new games in the pipeline, including one which is a mix of Bejewelled and Candy Crush (that resonates with reports earlier this week that two UNLV students have developed a new skill game inspired by these games
Future plans include the introduction of multiplayer tournaments with large prize pools before the end of this year.
The U.S. skill-based gaming market is growing fast, with a national consumer study conducted by Frank N. Magid Associates recently predicting that the sector will deliver annual revenues of over $9 billion by next year.
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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