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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.
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 -
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