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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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