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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."
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 -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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