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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.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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