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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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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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