No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Gaming Realm acquiring Assets from RealNetworks
Friday July 24,2015 : GAMING REALMS IN REALNETWORKS DEAL
$18 million deal will see the acquisition of numerous assets.
UK online gambling group Gaming Realms plc announced Friday that it has initiated a large placing in order to raise funds for the $18 million acquisition of "numerous assets" from the Seattle-based media distribution service provider RealNetworks in order to develop real-money gaming products using the Slingo brand.
The deal involves a $10 million payment on completion followed by two deferred tranches of $4 million paid one and two years after the deal is completed respectively.
Realnetwork has the choice for up to $4 million of the $8 million deferred payment to be paid in Gaming Realms shares.
To fund the initial consideration of the acquisition, Gaming Realms has issued 50 million new shares in the company at 25 pence per share to raise GBP12.5 million, which will fund up to $14 million of the total consideration.
Under the terms of the deal, Gaming Realms will acquire GameHouse US and Canadian Game studios; the Social and Mobile Freemium portfolio of games and publishing network; the Slingo Brand and associated patents; certain game domains including Sudoku.com and Mahjong.com; an intellectual property licence relating to the GameHouse Promotion Network and the entire issued share capital of Backstage Technologies.
Gaming Realms says the acquisitions give it an entry point into the North American market whilst the Slingo brand will open up the social casino gaming segment of online gaming. The deal additionally brings an experienced management team with sector experience from companies such as GTech, Aristocrat, Double Down Interactive and Xbox Live.
"Slingo is a well-established brand and has already benefited from sitting on our platform alongside our Pocket Fruity and Spin Genie brands. The addition of Slingo to our existing portfolio creates an exciting player offering," said chief executive Patrick Southon Friday.
"The directors believe that the acquisition will transform the group into an international, multi-brand developer in real and casual gaming and that it will greatly enhance the Group's capabilities in development, distribution, marketing and ownership of intellectual property," he added.
Gaming Realms plans to use Slingo to launch a new real-money gambing product through its Spin Genie product. Slingo, a combination of slots and bingo, proved to be a powerful brand during its partnership with Zynga, attracting 54 million monthly active users as a freemium game, but after that appeared to falter.
RealNetworks acquired the asset in 2014 for $15.6 million and extended its reach with a new app titled Singo Adventure earlier this year.
Both the acquisition and placing are conditional on shareholder approval at a meeting due to be held on August 10.
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
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.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.