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Phil Gordon's Jawfish Games is closing down
Saturday February 1,2014 : JAWFISH GAMES HITS THE SKIDS
Poker pro Phil Gordon's venture into social gaming fails.
The publication Gamasutra reports that Seattle-based online and mobile social game developer Jawfish Games is closing down, laying off all staff and selling off company intellectual property, including the rights to the company's real-time multiplayer online tournament hosting platform Jawfish Focus as well as games like Jawfish Words and Jawfish Poker.
Founded by American professional poker player Phil Gordon and staffed at one point by industry veterans like Tadhg Kelly, Jawfish is noteworthy for attempting to build a sustainable platform for competitive, freemium multiplayer games that could be played in real time across iOS, Android and browsers.
Gordon posted a message on a closed Google Group this week announcing the company's closure and blaming a failed acquisition deal for the misfortune.
“We’d spent all our remaining runway on legal [expenses] to get to a definitive agreement. No further acquisitions were on the table, and no financing was available," Gordon allegedly disclosed, adding:
"[The potential] Acquirer then knew we were broke and couldn’t afford to sue, so they refused to pay the break fee. Classy. Three days away from being the hero and turning a business plan on the back of a napkin into $20m in 20 months, now I’m the goat that ran an award-winning startup into the ground and lost everyone’s money. That’s the way the world works, I suppose."
Gordon confirmed to Gamasutra that Jawfish Games is shutting down due to a lack of financing.
"The gaming landscape in mobile has changed dramatically in the two years since the formation of the company," Gordon said.
"User acquisition prices have risen by 388 percent, while revenue/player has increased by only 38 percent in the same time period. That headwind is seriously powerful and dangerous."
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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