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Is Rising Tide Games Buying Win?

Friday January 2,2015 :  RISING TIDE THE SUITOR FOR BWIN'S SOCIAL GAMING SUBSIDIARY (Update)
 
Former Zynga and 888 exec involved in negotiations.
 
Earlier this week Bwin.Party Digital Entertainment revealed that it is in talks with unspecified suitors regarding the possible sale of its social gaming subsidiary Win, and it appears from a Wall Street Journal report that the company concerned is Maytal Olsha's new company, Rising Tide Games.
 
Olsha is a dynamic industry exec who has held senior social gaming positions with 888 Holdings and more recently Zynga.
 
Quoting two informed sources, the WSJ says that New York-based Rising Tide envisions acquiring loss-making Win in exchange for a stake in Rising Tide, which Olsha founded after departing Zynga. The company has yet to launch a product.
 
Bwin.Party established Win.com in 2012 as part of a move into social casino games. The company said at the time it was investing up to $50 million in the effort over the course of two years, and it opened offices in Tel-Aviv, Israel, and Gibraltar, employing developers in Ukraine.
 
Win.com developed slot-machine apps, including Slot Craze, for Facebook and for mobile platforms.
 
However, the company appears to have fallen on hard times, laying off some of its team of about 40 in Tel Aviv, according to one source. And in a filing this week, Bwin said it expects a pre-tax loss of Euro 7 million from social gaming in 2014 (see previous InfoPowa report).
 
The sources emphasise that the negotiations between Bwin and Rising Tide are not yet final, and it is not yet clear how big a slice of Rising Tide Bwin will get in return for Win.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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