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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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Gambling News :

Oryx in deal with Extreme Live Gaming - #oryx Turnkey provider ORYX has selected Extreme Live Gaming for the integration of a number of Live Casino titles to its games platform.

GAN Partners with Station Casinos - B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016

Tipbet Sponsor of easy Credit Basketball Bundesliga for season 2016/2017 - #tipbet The agreement comes with good timing; the BBL basketball 2016/17 season started last Friday, ensuring that Tipbet benefits from high visibility for its brand presence at the games.

Oceanís Call Slot Launches - Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.

Big Names Playing WCOOP - The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.

Should Gibraltar and Britain be regarded as a single state under EU gambling laws? - The issue has been referred to the ECJ by the High Court with the question "should the UK and Gibraltar be treated as a single member state when it comes to EU law on remote gambling?"

Sirplay to Open Argentina Branch - #SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.

DFS Changes for Ohio - #dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.

New Jersey Teams Up With Kahnawake Gaming Commission - 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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