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CashBet officially launched in the UK Today
Wednesday May 7,2014 : CASHBET LAUNCHES IN THE UK MARKET (Update)
CashBet has many pokers in the fire
CashBet officially launched its proprietary real-money eGambling platform in the UK market today (Tuesday) under an Alderney Gambling Control Commission licence.
A recent deal between CashBet and mobile developer Gamzio was also realised with the launch of Gamzio's "Casino Island Adventure", the first game to go live on the platform.
CashBet is actively inviting game developers to launch on its mobile gambling platform, is seeking a New Jersey land-based casino partner to launch in to that market later this year and confirmed it is in discussions with several Atlantic City casinos for online expansion.
"Every publisher and developer we speak with is interested in entering the online gaming market, but is concerned about the barriers to entry, such as compliance and security,” said Mike Reaves, chief executive officer and co-founder of CashBet.
“We're continuing to build the most trusted platform for mobile gambling, and we have a highly experienced team that deeply understands what 'Real Money Play' is all about. Given our experience and platform offering, we make it easy for developers to focus on making great games while accessing one of the largest growing markets worldwide.”
In related news, CashBet said it had signed agreements with UK gaming firm Reflex Gaming Limited that would see Reflex' fruit machine games adapted to online for real-money play on mobile devices along with a deal with mobile games developer FuryWing.
"With CashBet's proprietary platform and our unique gaming content, players will receive an unmatched mobile gambling experience. Keeping our players engaged is one of the key factors for ensuring our success in gaming," said Quentin Stott, chief executive officer of Reflex Gaming Limited.
"Expanding our network of differentiated gaming content is a key goal for the company. We'll continue to bring on leading development studios to achieve this," concluded Reaves.
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Gambling News :
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.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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