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Majesco and Gms Limited In Game Deal

Tuesday August 6,2013 : MAJESCO PARTNERS IN ONLINE AND SOCIAL CASINO GAMING VENTURE
 
With founder of Isle of Man-licenced Pariplay Limited
 
New Jersey-based Majesco Entertainment Companyhas agreed to establish GMS Entertainment Limited to further its online and social casino gaming strategy in partnership with the founder of online gambling firm Pariplay Ltd and games developer Orid Media Ltd.
 
Majesco said it will invest a total of $3.5 to $4.5 million, depending on GMS' future financial performance, to acquire a 50 percent interest in GMS who will in turn acquire the operations and certain assets and liabilities of Orid Media Limited and Pariplay Limited subject to regulatory approvals in order to establish the venture.
 
GMS also completed a registered direct offering selling 3.3 million shares of common stock to a new investor, Yair Goldfinger, at a price of $0.60 per share. Yair Goldfinger, an angel investor in Orid and Pariplay, is currently Co-Founder and CEO at AppCard.
 
Jesse Sutton, chief executive officer of Majesco Entertainment, will serve as the Chairman of GMS Entertainment.
 
"I am incredibly excited about this opportunity in the fast growing online gaming market and partnering with these talented individuals," said Sutton.  "During this transition year in console gaming, we have been actively exploring emerging growth opportunities in the social and online casino gaming industry to supplement our existing business.
 
"Entering the market through this partnership allows us to participate in a rapidly growing market segment and position the company for longer term growth as more jurisdictions move to legalize real money online gaming. The complementary skills and abilities of all involved are expected to result in a successful venture."



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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