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Playtech has acquired a stake in Zeda Poker

Wednesday, May 2,2012 : PLAYTECH AND ONLINE POKER
Big plans and wide interests....
Reports on Scoop suggest that Playtech has acquired a stake in Zeda Poker, a business-to-consumer social site powered by Viaden Gaming and probably part of the 20 percent interest that Playtech has bought in the software provider.
The deals in Playtech's Euro 95 million drive into the social gaming sector are also believed to involve Teddy Sagi associated companies CTXM and Slots Farm, along with a 20 percent stake in Viaden. Sagi is the major shareholder in Playtech.
The deals mean that both Viaden and CTXM will be able to shift focus to social and mobile development however, in a new development this week, Playtech has announced that instead of purchasing the assets outright from Sagi, it will instead licence same.
"Playtech remains committed and excited about the prospects for the impact of entering into the social gaming arena and believes it will aid the company's growth in the future," a spokesman said Wednesday.
"However, the complexity around the process and timing with respect to the company's move to the Main Market has influenced this decision. The licence agreement for the social and real money gaming assets will be negotiated on arm's length terms and will be announced as soon as is reasonably practicable."
There has also been speculation that Playtech may be connected with a new-ish social poker product branded Soda Poker which launched in March this year.
Observers who have studied the software behind Soda Poker claim it is almost identical in appearance to Calshark, the free-play poker site launched by the California Online Poker Association (COPA) in October last year, which went live with software provided by Playtech and “supported by” SciPlay, the joint venture company formed in January 2010 between Playtech and Scientific Games.
Soda Poker is reportedly owned by Cmedia, a major online gambling publishing company based in Barcelona, Spain.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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