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Gaming Realms : New venture by Foxy Bingo founders

Thursday August 1, 2013 : GAMING REALMS LISTS THIS WEEK
New venture by Foxy Bingo founders has online bingo and social gaming ambitions
The ambitions of the new Gaming Realms company announced earlier this year have advanced with shareholder approval and an expected listing on London's AIM market today.
The brainchild of Foxy Bingo founders Simon Collins and Patrick Southon, along with former Cashcade entrepreneurs Michael Buckley and Noel Rowse, Gaming Realms starts off on the right foot with a GBP3.4 million placing.
The listing will see social gaming business BeJig, which runs the Avatingo app on Facebook, and mobile gambling operator AlchemyBet, absorbed by Gaming Realms.
The London financial media reports that BeJig and AlchemyBet were the main investments of NewGame Capital, the venture capital fund advised by Collins and Southon and backed by Bwin.Party, which bought the duo's previous business Cashcade – operator of the Foxy and Cheeky bingo brands – for GBP 95.9 million in 2009.
Gaming Realms spokesmen have revealed that the newly listed company will soon - probably this month or next - to launch a new online bingo site branded Bingo Godz, which will be powered by software developed by the relatively unknown software Bede Gaming.
There are other familiar online gambling names involved in Bede, too; the firm is managed by former Cashcade exec Michael Brady, and chaired by Crown Bingo veteran Joe Saumarez Smith.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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