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The UK-based online gambling software provider Orbis Technology has acquired Internet games developer Electracade Limited in a GBP 2.6 million cash deal, with provision for further payments contingent on the future performance of the company.
David Loveday, managing director of Orbis, said: “Electracade has been a partner of ours for four years since it started out and we felt the time was right to expand our content offering. Their strength comes from game play and understanding player requirements, and with our strength in game design it will make us more competitive. They bring new customers and will allow us to work with a broad range of technical platform providers.”
Electracade had a solid track record in building games for third parties, a business Orbis was very interested in getting into, Loveday added.
“The agreement is very good for us as it allows us to work with new partners in a truly open environment. Content should be completely open and you should be able to run any game from any provider on any platform. Operators want to be able to run content from a wide range of providers to offer to their customers and we provide the technology to enable that.”        
Electracade was set up four years ago by Mark Paling, and the company has established a portfolio of innovative and compelling games, used by leading names in the industry such as
The acquisition means that Electracade with join Orbis in the Nasdaq and London-listed NDS Group of companies, a corporation headed by Dr. Abe Peled with a market capitalisation of some $2.8 billion. NDS is in turn owned by News Corporation.
NDS is expected to give up its Nasdaq listing and be taken into private ownership in early 2009.

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Gambling News :

FanDuel adds English Premier League action - Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.

Fortuna Entertainment Group in deal with Czech Football Association - Online gambling operator Fortuna Entertainment Group Nv has announced a sponsorship deal for an undisclosed consideration with the Czech Football Association (FAČR), effective from the 2018-19 season for six years.

Paddy Power and Inspired in Deal - The new agreement sees Paddy Power join a roster of other Inspired HTML 5 clients that includes William Hill, Gala Coral, Bet365 and Betfred.

Martin Crowley DraftKings Collusion Charges Dismissed - Our readers may recall a story that surfaced last month in which allegations were made that there was suspected collusion in a million dollar fantasy sports competition at DraftKings.

BeBetway British Horse racing Authority Authorized Betting Partner - Online gambling operator Betway has become the latest bookmaking firm to agree to voluntary payments over the next three years to the British Horse racing Authority in return for accreditation as an Authorized Betting Partner.

Coral Q4-2016 earnings reports - Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.

Unibet in cooperation with - Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).

Kiron Interactive in deal with Digitain - The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.

2016 World Poker Tour-best bet Bounty Scramble - That calmness and discipline not only kept Panzica in the game, but began to grind down Malones advantage, aided by some fortunate double up opportunities.

GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 - Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”

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