Monthly Archives: June 2018

Zynga pays $250m for hyper-Casual developer Gram Games

Social gaming operator Zynga has acquired mobile games developer Gram Games, the folks behind the popular Merge Dragons! title.

On Wednesday, Zynga announced it reached a deal to absorb Gram Games, which has 77 staff at two development studios in London and Istanbul. Zynga has agreed to pay $250m in cash plus a three-year earn-out based on the Gram team’s “achievement of profitability goals that align with Zynga’s long-term growth plans.”

Gram Games has found success within the hyper-Casual and Puzzle games segments, including the aforementioned Merge Dragons!, which made the Top 50 Grossing Games chart in the US Apple App Store following its release last year. Gram’s portfolio also includes the popular puzzle games 1010! and Six!

Zynga CEO Frank Gibeau claimed that bolting on Gram titles would grow Zynga’s audience by 3m mobile daily active users and predicted that Merge Dragons! would become a new “forever franchise” alongside Zynga Poker and Farmville.

DraftKings inks sportsbook deal with Atlantic City’s Resorts casino

Daily fantasy sports operator DraftKings has inked a sports betting partnership with Atlantic City’s Resorts Casino Hotel.

Friday brought news that DraftKings had tied up with Resorts Casino on a “web-based and mobile” sports betting product, although DraftKings has yet to identify who will provide its sportsbook platform, as the company has to date only offered DFS products to its customers.

And while DraftKings has established a New Jersey office, it has yet to receive a gaming license in New Jersey. This hasn’t stopped the company from buying billboards in the Garden State proclaiming that the “Draftkings sportsbook is coming.”

DraftKings CE) Jason Robins told the Associated Press that his company’s sportsbook product would be “ready to go” the minute state regulators flash him the thumbs up. The state is expected to approve new sports betting legislation as early as June 7, with sports betting expected to commence within a heartbeat of Gov. Phil Murphy signing the legislation into law.

Cirsa Q1 revenue growth bucks LatAm forex woes

Profit of Spanish gaming giant Cirsa Gaming Corp. crawl edits way to 0.7 percent growth despite the devaluation of Latin American currencies against the Euro.

In a regulatory filing, Cirsa reported an operating profit of €106.8 million ($125.05 million) in the first quarter of 2018, higher than the €106.01 million ($124.12 million) it cashed in during the same period last year.

Cirsa’s operating revenue, on the other hand, stood at €417.15 million ($488.45 million), up by almost 1 percent from €413.09 million in Q1 2017.

The Spanish firm attributed the growth to the strong performance of its business in all of the countries in which it operates, including the 23 new casinos it incorporated in Peru, Panama, Colombia and Costa Rica.

Vanessa Selbst hints at teaming up with Phil Galfond for WSOP Tag Team

Vanessa Selbst’s on again/off again relationship with poker is enough to leave any fan dizzy. She “retired” at the beginning of the year after an alcohol-filled tweet on New Year’s Eve, and announced that she would be leaving PokerStars in favor of a hedge fund. A few days later, she announced that wasn’t retiring, but that she would no longer be serving as a PokerStars ambassador. Not long after, she was in retirement again, only to be seen taking a seat in a tournament a few days later. It would now appear that she wants to come back—at least for one more visit to the felt.

The three-time WSOP gold bracelet winner who racked up almost $12 million in live poker action took to Twitter (no indication if alcohol was involved) on Wednesday, recalling the “good ol’ days” of poker. She tweeted, “ok but seriously, when did it ppl 100% stop 4betting light (preflop OR on flop)? there used to be so many fun dynamics when ranges were [obviously] polarized- now it’s like there’s a rule if u get raised while holding air u must fold…? seriously is this a thing? seems like a bad thing.”

ok but seriously, when did it ppl 100% stop 4betting light (preflop OR on flop)? there used to be so many fun dynamics when ranges were obv polarized- now it’s like there’s a rule if u get raised while holding air u must fold…? seriously is this a thing? seems like a bad thing.

— Vanessa Selbst (@VanessaSelbst) May 31, 2018

Success Universe chairman increases stake in casino company

In a filing with the Hong Kong Stock Exchange, Success Universe Group (SUG) announced that its chairman and executive director, Sonny Yeung Hoi Sing, had bumped up his stake in the company from the previous 52.10% to 71.52%.  Through his company, Silver Rich Macau, Yeung now controls over 3.52 billion SUG shares.

Part of the increase came through a deal with Japanese pachinko hall operator Maruhan Corp. The company sold its entire stake to Silver Rich for a cash payment of approximately $26.8 million, relinquishing all stocks at about $0.02 apiece.

SUG operates a number of operations across several sectors. Its portfolio includes businesses in travel-related fields, property investments and an investment project, Ponte 16. Ponte 16 is an integrated resort-casino located in the Inner Harbor of Macau. It includes a five-star hotel and casino and will soon see an entertainment and retail complex included. The casino offers 270,000 square feet of gaming space with 109 gaming tables, 3 VIP clubs and around 300 slot machines. It was built following a partnership between SUG and a subsidiary of SJM Holdings, which owns 51% of the operations.

In its financial report for 2017, SUG reported operating revenue of $75 million, with gross profits of around $2.56 million. It added that its 2017 losses had narrowed slightly compared to the previous year. In 2016, the company reported losses of $3.95 million and last year, the losses were only $3.79 million. Part of last year’s losses came from the disposal of the firm’s China-based lottery businesses in September.

Macau casino GGR fizzles in May

Gross gaming revenue of Macau casinos sputtered to 12.1 percent in May after having a stellar April results, according to Macau’s Gaming Inspection and Coordination Bureau.

Financial record showed that Macau casino raked in MOP25.49 billion ($3.15 billion) in May, higher than the MOP22.74 billion ($2.82 billion) it registered during the same period last year. However, the casino GGR for May is lower than the 27.6 percent year-on-year growth it posted in April.

The May results were also much lower than the 16 percent to 17 percent average growth estimates of brokerage firms and gambling analysts. The latest figures brought Macau’s five-month casino GGR tally to nearly MOP127.73 billion ($15.83 billion), a year-on-year expansion of 20.1 percent.

International brokerage Union Gaming noted the May GGR slowdown was triggered by the fall of mass market number, which was caused by the mid-month mainland police busts against currency exchange shops at the Gongbei border.

Slotegrator’s rebranding: the unified protocol for game integration renamed as APIgrator

Slotegrator company has recently set up its unified integration protocol with a new name. From now on, this universal API documentation is called APIgrator.

This unique solution makes available over 2 000 games from the top providers to be connected to the online casino within one integration. Now the owners of gambling projects do not need to cooperate with providers directly, wasting a lot of time and funds on entering contracts and resolving legal issues. Slotegrator already did that for operators!

The standard procedure of games integration usually takes at least one month, which is not very beneficial for online casino vendorsowners. Thanks to APIgrator, a connection of gaming software is performed several times faster. Thus, instant access to the full set of games will greatly help operators swiftly release their online casinos.

The key benefits of APIgrator:

Macau Roosevelt Hotel finds new business partner

Since May 23, Macau junket investor Tak Chun Group (TCG) has been operating as a VIP gambling partner of the Macau Roosevelt Hotel’s casino. The partnership was confirmed by TCG in a phone interview with GGRAsia. The group now operates 16 VIP gaming clubs across the city.

The new VIP club offers 11 gaming tables in five different rooms. The casino is licensed under casino operator SJM Holdings and is officially called the Casino Jockey Club. SJM retained the name when the gambling operations were moved from a nearby horse racing track.

In March, the CEO of TCG, Vincent Li, announced that the company anticipates launching another Macau VIP club at the MGM Cotai resort. The moves are all part of the firm’s plan to continue expansion both inside of Macau, as well as internationally.

TCG has two VIP clubs in Manila—one at Melco Resorts-operated City of Dreams Manila and the other at the Solaire Resort and Casino, which is owned and operated by Bloomberry Resorts. In addition to the MGM Cotai club, the firm also opened a VIP club at the Okada Manila casino resort in March.

Meet Traffic Puma. The New Affiliate Marketing on the block

Traffic Puma is the newest name in affiliate marketing. You better watch out for this animal. Because it is born to prowl the affiliate marketing space and bring some new ideas to market.

Meet Traffic Puma.

One of the newest to enter the affiliate marketing space. A space which is pretty saturated as it is. But Traffic Puma is not a business idea made up in the basement office. Because the company is founded by three friends from the iGaming industry.

Together they have several decades in the business. Experience that could be of benefit, if one is able to find the right project.

Digitain integrates LuckyStreak’s Live Casino

Digitain the multi-channel casino and sports betting platform provider confirmed that live dealer solutions specialist LuckyStreak has been integrated into the platform and is available to Digitain’s growing number of operators.

Under the deal, LuckyStreak will provide the live dealer offering to include a range of live dealer table games such as Black Jack, Roulette, and Multiplayer Baccarat streamed from there studio in Riga, Latvia, with the dealers speaking English, Russian, Turkish, Italian and Spanish languages.

Digitain CEO, Suren Khachatryan, said: “LuckyStreak has gained a strong reputation as a B2B software provider, specialising in live dealer solutions. The live dealer software is high quality, scalable and provides a highly engaging user experience that matches or own exacting technical and product delivery standards for our customers.”

Ady Totah CEO and co-founder at LuckyStreak, said: “We are delighted to work with Digitain. We are positive that our premium live casino games along with Digitain’s existing sportsbook technology solutions shall deliver revenue enhancing products to their international operators.”