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Playsino New Social Games

Monday, July 23, 2012 : NEW SOCIAL GAMES SOON FROM PLAYSINO
 
California-based developer has big plans for social gaming
 
Social gaming software developer Playsino out of Santa Monica, California is gearing up for a push in the sector, creating its own free-to-play casino games for mobile and social platforms and starting out with a new game titled Solitaire and Prizes.
 
The company has also launched its own publishing network, encouraging social gaming developers to join with the promise of publication, production and promotional support, along with advice on monetising, reports the publication VentureBeat.
 
For a company that was only launched this year, it's an ambitious project, but Playsino Publishing chief John Maffei is confident that his company's tight focus on the sector and solid funding will produce results for everyone involved, creating access to gamers who are specifically interested in casino style action.
 
Maffei could be on the right track; according to the research firm Kontagents social casino game players now account for 13 percent of all of the players on Facebook, compared to just 8 percent in 2011 and 6 percent in 2010.
 
The analytics firm says that social casino games have higher-than-average revenue per user: at least 40 percent greater than a typical casual social game.
 
VentureBeat reports that Playsino has a wealth of business experience at the helm. It is headed by chief executive Brock Pierce, who is also a managing director of the Clearstone Global Gaming Fund. He has started, bought or invested in more than 30 game companies and secured more than $200 million in investments, helping startups pioneer business models built around virtual goods and microtransactions.
 
Pierce is also CEO of Titan Gaming, and founded ZAM Network, a gaming media property with 15 million hardcore PC gamers. He sold that to Tencent in January this year and founded GamesTV, a joint venture with Shanghai Media Group.
 
Rivals include Double Down Interactive, owned by slot machine giant IGT, social game giant Zynga, and a number of other social casino game startups.
 
“The difference is we are 100 percent focused on the social casino game market,” Maffei notes.
 
Playsino has raised $1.5 million in funding from IDM Venture Capital, a Singapore-based venture capital firm, Pacific Capital Group, Siemer Ventures, and a number of angel investors.

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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.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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