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Intrinsic Equity invests in Storm Gaming Technology
Monday August 22,2016 : INTRINSIC EQUITY INVEST IN STORM GAMING
Board representation as company looks to execute ambitious strategic plan.
Orbis Partners investment vehicle Intrinsic Equity has invested an undisclosed sum in omni-channel game and platform developer Storm Gaming Technology (SGT).
Under the terms of the deal, Intrinsic Equity principal and Orbis Partners senior partner, James Grenfell, will join the SGT Board to assist the company “deliver their ambitious strategic plan”.
Group ownership in the Shropshire-based company comprises Storm Gaming founder, Richard Sheldon; founding director of Games Media, Steve Murray; and online sportsbetting pioneer and founder of Sportingbet plc, Mark Blandford’s Rockridge Investments.
"We have invested in Storm at an exciting time and look forward to helping Richard and Steve accelerate their plans as a global provider of multi-platform compelling games content,” Grenfell commented in a press statement.
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Gambling News :
Anti Gambling bill S. 3376 -
#s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.
2016 WPT Borgata Main Event Results -
@MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.
G-Sports debuts with the game Road Redemption -
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French licensed gambling operators lost $5M in 2015 -
#france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.
NO PRIVATISATION FOR ONTARIO LOTTERY -
The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.
Space Invaders wins Best Slot Product Award -
The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.
NEW MARKETING CAMPAIGN FROM LADBROKES -
The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.
Gamesys acquires Snowcat Games -
London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.
BetConstruct adds virtual sports products -
The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.
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