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DIGITAL GAMING VENTURE FORMED BY CASHCADE FOUNDERS

Thursday September 15,2011 : Supported by Bwin.Party Digital Entertainment
 
A new digital gaming venture capital fund formed by Cashcade co-founders Simon Collins and Patrick Southon will be supported by Bwin.Party Digital Entertainment PLC.
 
The fund titled "NewGame Capital" has been set up with an initial GBP 15 million investment from Bwin.Party with the intention of investing in high potential start-ups in the monetised digital gaming arena that include casual, social, online and mobile services.
 
Focusing on early-stage investments, the fund will reportedly invest in as many as fifteen companies.  The fund comprises bwin's GBP 15 million pound investment and another GBP 1 million from the investment team.  Additional backers are hoped to bring to GBP 50 million for the fund in total.  Advisers to the fund include Collins, Southon and merchant bank NewShore Partners.
 
Southon and Collins leaving day-to-day operations at Bwin.Party and embarking on the new e-gaming venture in February 2011 (see previous InfoPowa report) has borne fruit with the kick off of a first round investment in social bingo provider Avatingo described as a "multi-platform virtual world with a personalised social bingo experience."
 
"We see huge innovation taking place across the social, casual, mobile and real-money gaming area," said Martin Weigold, chief financial officer, bwin. "NewGame Capital has a rare combination of entrepreneurial, strategic and financial expertise. We believe that this will allow it not only to identify companies with innovative business models, but also to guide them towards long-term success."
 
Patrick Southon, Adviser, NewGame added:  "With the growth of micro-payments and other forms of paid-participation, the lines between online gaming and online gambling have started to blur.  "We anticipate continued strong market growth in monetised digital gaming and are seeing a very vibrant start-up scene related to the sector both in Europe and North America."
 



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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