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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 :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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