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PlaySpace Second funding round

Friday January 16,2015 : MORE CAPITAL FOR SOCIAL GAMES DEVELOPER
 
Second funding round for PlaySpace brings total to $3 million
 
Spanish social developer PlaySpace has benefited from a second successful round of funding, bringing the total amount raised by the company to GBP 3 million.
 
The funding was lead by existing supporter Faraday Venture Partners but also brought on board a new investor in the shape of the José Manuel Entrecanales Foundation, a major start-up funder in the Spanish region. They join Mola.com and PeopleFund as shareholders.
 
"The video games sector has not been a traditional focus for the Foundation's investments," said Pablo Ventura of the JMEF. "However, we believe in this project after having analyzed the amazing results they have had, their passion and commitment that the management team have shown over the last three years."
 
PlaySpace hopes to use the funding to cement its domestic position and grow its influence in other Spanish-speaking markets, notably South America.
 
The social gaming sector has seen significant growth in recent years, with mobile gaming revenues predicted to exceed traditional console revenues for the first time in 2015.  The latest new funding will enable PlaySpace to not only consolidate its position within the Spanish mobile games market, but support its global expansion within key markets including the U.S. and Latin America region.
 
The company was founded by Enrique Dubois and Alfonso Villar in 2011 and was incubated and accelerated through Mola.com. It is based in Palma de Mallorca and has over 25 employees and more than 10 million registered users in several countries. Over one million international active monthly users visit their 9 multi-platform games on Facebook, web, iOS, Android and Amazon.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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