Las Vegas Review Journal – Slot machine giant Bally Technologies announced Thursday it would pay up to $100 million to acquire a social gaming company.
Bally said it would purchase Dragonplay, an Israel-based social gaming business, which is considered one of the industry’s top 10 grossing social game developers with 700,000 active daily users and 3 million monthly users.
Bally will pay $51 million in cash and up to $49 million over the next 18 months. The transaction is expected to close next month.
The deal puts Bally, a traditional slot machine manufacturer, into the growing social gaming market, joining rival International Game Technology and Caesars Entertainment Corp., as the leading companies in the industry.
Dragonplay offers both poker and casino games with Live Hold’em Pro the top game in its category, Bally said.
Geolocation technology improves for online gaming Philly.com - New Jersey Internet gambling regulators have eased the parameters used to determine that an online gambler is actually in the state, Brian Mattingley, chief executive of 888 Holdings P.L.C., said Friday.
"By allowing us a little bit more flexibility and easing the […]
Amaya Gaming denies acquisition speculation iGaming Business - Gambling industry entertainment provider Amaya Gaming Group has denied that it is looking to acquire another company following a sharp increase in its share price.
According to the Financial Post Canadian newspaper, Amaya shares on the Toronto Stock Exchange jumped […]
Is social gambling the future of the casino? From Ozarks First - Love a sunny day at the racetrack, betting on the pretty horses with colorful silks and catchy names? Now you can enjoy betting at home with DerbyJackpot.com. Aimed at the casual gambler who isn’t tethered to the racing form, the online betting forum is social, easy […]