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Huuuge Games Raises $4 million
Monday November 16,2015 : MOBILE SOCIAL CASINO FIRM ENDS FUND RAISING ROUND
Raises $4 million in Series A Investment
European-based mobile free-to-play social casino developer Huuuge Games has concluded a Series A investment round of $4 million led by Korea Investment Partners (KIP).
Existing investors include Seppo Helava - founder of what is now Big Fish Casino, Juha Paananen and Henric Suuronen - co-founders at Nonstop Games, and Wibe Wagemans - former senior vice president at Rovio and Big Fish Mobile.
Sang-Ho Park, senior principal at KIP, who will join Huuuge's board of directors, said: "Huuuge is disrupting the free-to-play casino gaming market by providing a much more interactive social gaming experience, and we are very pleased to be part of the growth story.”
“What Anton and the team have achieved over the past year is really impressive. Huuuge is a great example of a founder-led, data-driven, next-gen app business we like to invest in."
Huuuge said KIP’s participation will increase the company’s presence in APAC with the latest investment being used to fund global expansion and scale distribution efforts.
"We are excited to have Korea Investment Partners on board as one of the leading VCs with tremendous experience in gaming and social networks, especially in the Asian markets,” added Anton Gauffin, chief executive officer for Huuuge.
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The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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