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Glu Mobile Shares up 7 percent
Friday May 31,2013 : GLU MOBILE IN THE NEWS (Update)
Deal with Skillz pushes share price up over 7 percent
The news that Glu Mobile is to use the Skillz platform, currently only available for games running on Google Inc's Android operating system, to introduce cash tournaments in its hunting simulation "Deer Hunter Reloaded" has pushed the company into the US limelight, with a share price climbing over 7 percent and an interview with Reuters business section.
Company CEO Niccolo de Masi told Reuters that there are plans to expand to other Android titles in the second half of 2013, and disclosed that Glu Mobile has 40 million monthly active users, mainly in the United States, with income generated through tournament entry fees, advertisements and the sale of virtual goods that enhance play.
The company has additionally partnered with Activision Blizzard Inc to make mobile games for the globally famous "Call of Duty" shooter franchise.
de Masi said that smartphones and tablets are making possible the delivery of a variety of gaming entertainment to a new and much broader demographic, creating boom conditions in the mobile gaming sector.
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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.
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.
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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