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High 5 Games Acquiring Electrotank
Tuesday June 18,2013 : HIGH 5 GAMES TO ACQUIRE ELECTROTANK
Merged companies will allow content to be real-time streamed to regulated real-money and social casino gaming sites.
High 5 Games, the New York-based developer of software for the land-based, online, social, and mobile markets, has announced a successful deal to acquire high-performance online and mobile game technology company Electrotank for an undisclosed consideration.
"This move will allow High 5 Games to strengthen and finalize our upcoming game server platform, which will allow our content to be real-time streamed to both regulated real-money gaming sites, as well as to social casino sites throughout the world," said Anthony Singer, CEO of High 5 Games, who revealed that Electrotank staff would be absorbed by High 5.
Singer revealed that the two companies have worked together in the past to move some popular land-based slot games onto Facebook's gaming platform.
Michael Gold, CEO of Electrotank, said: "This is a wonderful opportunity for Electrotank. High 5 Games has a long history of producing highly successful content, and I am excited to see what the two companies can do together."
Electrotank has licensed its server and platform technology to hundreds of companies during its history, and has developed games for a number of well-known clients, including Disney, MTV, Nickelodeon, Mattel, and Comedy Central. The company is respected for its highly scalable game server, which allows concurrent play by very high volumes of players and is suitable for Flash, Unity 3, iPhone, Android, XNA, and HTML5.This could give High 5 access to a larger user base.
High 5 Casino is already among the highest rated social casinos on Facebook with over 1.3 million monthly active users and 430,000 daily active users, presenting opportunities in the mobile sector.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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