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ZENGAMING RAISES $2.8 MILLION

Friday, April 22, 2016 : ZENGAMING RAISES $2.8 MILLION FOR E-SPORTS VENTURE
 
Crown Resorts led the funding to push further into the competitive video gaming space.
 
With its eyes firmly on the burgeoning eSports business space, social gaming network Zengaming raised $2.8 million in funding this week, with Australian land casino group Crown Resorts leading the round in its efforts to push further into the eSports competitive video gaming phenomenon.
 
Other investors include financial firms NFX Guild, 500 Startups, iAngels, and Foundation Capital along with angel investors Barak Rabinowitz and Shmueli Ahdut, the publication VentureBeat reports.
 
Zengaming will use the new capital to develop new talent and expand its support for important eSports games like Dota 2, League of Legends, and Starcraft.
 
Professional video gaming is on pace to generate $463 million in revenues this year primarily from sponsorships and marketing, VentureBeat notes.
 
Zengaming chief executive Jimi Gecelter said in a press statement:
 
"Zengaming wants its members to see the site as a path to future income. The idea is that you can compete in games and your results will show up on Zengaming and major teams might notice and recruit you based on your profile. Additionally, the site hosts sponsors who may want to connect with top players for potential sponsorships."
 
Gecelter claims his enterprise now has over a million registered and active users on one game - Counter-Strike - alone. And it is actively testing communities for Dota 2 and Rocket League.
 
“Even we were surprised by how widespread our success was, gaining such an impressive amount of active users within a year,” he admitted. “Partnering up with Crown, which has already hosted the biggest eSports tournament in Australia, with professional teams such as Cloud9 and Virtus.Pro, is an important strategic step that will help Zengaming continue its expansion.”

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Gambling News :

HeyPoker Closing - The operator is licensed by the UK Gambling Commission and the Malta Gaming Authority, with the registering company listed as Evoke Gaming Ltd.

Can Jack Lam Make Things Right in Philippines - Lam will no doubt seriously consider the offer, having lost access to his Philippines businesses and with charges of attempted bribery and "economic sabotage" and an arrest warrant hanging over his head .

PPA Wants pre-emptive strike against RAWA - It's not just civic associations that are warning against the introduction of a federal ban on online gambling in a denial of states' rights . The Poker Players Alliance action group has begun mustering its over a million US members in a campaign as well.

UK Wants Fixed Odds Betting Terminals Changes - The group, titled FOBT All-Party Parliamentary Group plans to release its full report early in the new year, but for now has claimed that changes to FOBT regulations could help in reducing "associated crime" and problem gambling.

Sportech Wins 8 Year Old VAT case - An eight-year long, GBP 97 million VAT repayment claim dispute between Sportech PLC and HM Revenue and Customs (HMRC) has come to an end with the Supreme Court refusing HMRC permission to appeal a previous Court of Appeal ruling.

2017 MPN Poker Tour - Main Event packages, worth 1,500, are available online and players can qualify via any of the MPN participating card rooms through a variety of satellites, with buy-ins starting as low as 0.25. Each 1,500 package includes:

Realistic Games in deal with Kindred Group - The UK-based online gambling games developer Realistic Games has signed a deal to supply its games to online operator Kindred Group, parent company of quality brands that include Unibet, Stan James and Maria Casino.

Opposition to Anti Online Gambling Bill in Congress Lame Duck Session - Action groups appeal to House Appropriations Subcommittee to ensure that RAWA style language is not attached to unrelated spending bill.

DFS banning bill Introduced in Illinois - The legislative season in Illinois may be drawing to a close, but that hasn't stopped a new bid to ban daily fantasy sports from being assigned to the House Executive Committee; whether there is sufficient time to pass the bill is a matter for speculation.

Cambodia To More Closely Control Online Gambling - Cambodia, where online #gambling is operated by licensed land casinos alone, and Cambodian punters are banned from participating, is to tighten monitoring, control and management of the activity by setting up a centralized server, a Ministry of the Economy official revealed this week in a media interview.

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