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Pursuit Dynamics Buys 3 Gambling Firms

Monday July 15,2013 : PURSUIT DYNAMICS ACQUIRES TRIO OF SOCIAL AND GAMBLING FIRMS
 
Management team behind Cashcade the driving force
 
UK-based Pursuit Dynamics PLC has informed the conditional acquisition of Gaming Realms Limited, BeJig Limited and AlchemyBet Limited for a total consideration of around GBP 12.1 million in a reverse takeover deal.
 
The firm has initiated a placing of 26.2 million shares to raise approximately GBP 3.4 million and the sale is conditional on the disposal of its Pursuit Marine Drive Limited subsidiary as it seeks to eliminate its existing liabilities.
 
The acquisition rings in a transformation of Pursuit Dynamics PLC's business.  The company was previously involved in the development and commercialisation of its PDX platform technology used for applications in waste treatment, public health and safety, bioengineering, brewing and the food and beverages industries.
 
The company will rename itself Gaming Realms PLC and will act as holding company to:
 

  •  BingoGodz, an online bingo game playable for real money via mobile, tablet and desktop due to be launched in the third quarter of 2013. BingoGodz's secondary brand is CastleJackpot, a web and mobile based casino product which is based on the same technology as BingoGodz;
  • Bejig, a developer and operator of multiplayer online social real money games. Its first game, Avatingo, was launched on Facebook in August 2011.  Five Star Slots, a virtual currency online casino, is among its latest Facebook releases; and
  • AlchemyBet, the Sheffield-based developer and operator of mobile slot and casino-themed real money gambling games. Its first brand, Pocket Fruity, was launched in May 2012 and currently has 17 proprietary games.

Gaming Realms PLC will propose the management team behind Cashcade Limited to its board, which was sold to bwin.party digital entertainment in 2009.  The nominees include former Cashcade founders Michael Buckley (Executive Chairman), Patrick Southon (Chief Executive Officer) and Simon Collins (Executive Director) as well as Mark Segal (Finance Director).
 
The Enlarged Group's proposed non-executive directors are Jim Ryan, former Co-CEO of Bwin.party plc, and Mark Wilson, currently a strategic adviser to Sky International.



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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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