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Bally Technologies interested in software developer 3G
12/05/2012 : BALLY TECH INTERESTED IN 3G?
Bally execs reportedly pay recce visit to social gaming company's Reno offices
Rumours of a Bally Technologies interest in the Reno-based social gaming software developer 3G appeared to be confirmed by an exclusive Reuters news agency report Tuesday that Bally execs were scheduled to visit 3G offices that day.
Neither company would comment on the reports, although it is rumoured that 3G has been talking with several companies about a potential acquisition or partnership agreement.
Among the companies said to be interested in 3G are Activision Blizzard, slot-machine maker International Game Technology and video game giant Electronic Arts, with acquisition pricing anywhere between $60 million to $100 million being bruited about.
IGT acquired social gaming company Double Down Interactive for $500 million in January 2012, with the acquisition delivering $35.8 million in fourth-quarter revenues, a 20 percent hike from the third quarter.
Both IGT and Bally have been granted online gaming licenses in Nevada, which allows them to partner with Nevada's casinos to provide online poker and other games through their machines.
None of the aforementioned companies were prepared to comment when approached by Reuters.
In August, 3G Studios applied to the Nevada Gaming Control Board for an online gaming licence, and it is scheduled to start an online poker site called SlotALot with casino operator Eldorado Hotels in the spring. It also makes a free game available on tablets and smart phones that is played for virtual currency.
Carlo Santarelli, analyst with Deutsche Bank, told Reuters: "The social gaming business is up for grabs. I think we're in a space where we'll see deal activity, largely on the technology side. For casinos, social gaming content is king right now."
According to the American Gaming Association, about 85 countries have legalised online gambling and an estimated $35 billion is being bet worldwide online each year.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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