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ANGELS ASSIST SKILL GAMING PROVIDER
5/19/10 - Titan Gaming, the provider of an online platform for multiplayer skill games, has raised $1 million in funding from angel investors, reports Digital Media Wire.
Backers include Clearstone Venture Partners, MP3.com founder Michael Robertson and Vonage co-founder Carlos Bhola.
Founded in 2006, Titan offers gaming companies and content sites a platform for offering skill-based matchmaking, tournaments and points or cash competitions.
The company intends to use the funds to finalise its technology and secure mass distribution deals. Its first customers are slated to go live in July.
Thanks to US legislative carve outs, skill gaming is legal in most of the United States, and is a growing industry in Europe and Asia. Titan manages the legal, jurisdictional framework surrounding reconciling skill gaming transactions, and automatically deals with legal and jurisdiction issues so that developers can focus on building an entertaining game experience.
The company boasts a technical team of 24 engineers.
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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.
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.
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.
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