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PLAYSINO SECURES NEW FUNDING
04/26/2012 : PLAYSINO SECURES NEW FUNDING
Social gaming enterprise plans on being a big player in social and mobile environments
The Santa Monica-based social casino games company Playsino,formerly Titan Gaming, has closed on $1.5 million of new funding in a bid to develop as a major casino game publisher on social and mobile platforms.
Several investors were involved in the funding round which included IDM Venture Capital, Pacific Capital Group and Siemer Ventures amongst others. The funds will be used to accelerate new Playsino product offerings.
Newly appointed chief executive officer of Playsino, entrepreneur Brock Pierce comments: "Social casino gaming combines the virality and addictiveness of a game like Farmville with the monetization capabilities of mid- to hard-core gaming.”
"Playsino's global potential is a key focus for our firm. Virtual currency can play anywhere, and Playsino's unmatched familiarity with it - best positions them to become the world's largest social casino game company," said Denis Gamobramov, Managing Partner of IDM Venture Capital.
"We believe the next evolution of social gaming will involve merging it with what has been the longtime appeal of wagering," added David Siemer, Managing Director of Siemer Ventures. "Playsino's gaming platform is well-positioned to capitalize on this next phase."
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Amaya FY2016 Trading Update -
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LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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