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Harrahs Buys 51 percent of

Posted on 5/19/11

Interesting social games developer acquisition
 
US resorts and casino operator Harrah's Casinos, a unit of Caesars Entertainment Corporation, has acquired an initial 51 percent stake in Playtika, an Israeli social games developer for a consideration of $85 million.
 
Playtika is a one-year-old Israeli company founded by Robert Antokol and Uri Shahak comprising 15 employees in Israel and 30 employees at its development facility in Ukraine.
 
Co-founder Shahak, Playtika’s COO previously served as a senior games manager at 888 Holdings PLC and is reported to have attracted numerous investors from the online gaming industry which include former 888 CEO Gigi Levy and 888 investor Ofer Lezovsky amongst others.
 
The company has developed a number of games on social networking site Facebook and its Russian counterpart Vkontakte including Slotomania video slots and the dice game Farkle with the addition of another two games imminent.
 
Playtika claims a following of 9 million users worldwide of which it says 1.5 million are Facebook users.
 
The Israeli online gaming start-up is reported to “have not yet proven its worth” with unidentified sources quoted by globes.co.il saying that “the company's monthly turnover is around $100 000 and it has yet to generate a positive cash flow from operations”.



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MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

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MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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