Spin Games Makes Move for New Jersey

From iGaming Business – Gaming content developer Spin Games has confirmed that through a license agreement with KGM Gaming, the Spin Games HTML5 Robust Online Client (ROC) has become the first online technology to be submitted to the New Jersey Division of Gaming Enforcement. KGM Gaming submitted the ROC last Friday in accordance with new regulations. ROC is a HTML5 remote gaming server that delivers content on mobile devices in addition to desktop applications. The content submitted includes video poker, ball games and table games. Kent Young, founder and president of Spin Games, said: “Licensing our content and technology to…

Mobile boosts Sky Betting

From iGaming Business – Sky Betting and Gaming, the online gaming subsidiary of UK pay-television broadcaster BSkyB, has reported a 37% surge in turnover to £155m in the twelve months through to June 30. The company said that the increase resulted from a strong growth in mobile gaming and the relaunch earlier this year of its Sky Bet mobile phone application, which has already processed more than one million bets. “We’ve had a really good year and a big driver for that growth is betting on mobile,” Sky Betting and Gaming managing director Richard Flint said. “We updated it in…

William Hill & Microgaming Sign Deal

From iGaming Business – Internet gaming software provider Microgaming has signed a deal to supply British bookmaker William Hill with access to its Quickfire Flash-based mobile online casino and soft games platform. The deal was activated on July 17, according to a Microgaming press release. The move comes after William Hill’s acquisition earlier this year of the 29% stake in its William Hill Online joint venture held by software developer Playtech for £424m freed the bookmaker from its exclusive deal with Playtech. The UK operator, however, didn’t reply to enquiries on whether it would be announcing further deals with other…

IGT OK as Zynga Abandons Real Money Gambling

In its Q2 earnings report earlier this week, Zynga said it has abandoned its plans to pursue real money gambling in the U.S. But Nevada-based IGT, which makes both physical and virtual casino games, said its plans are unaffected. “What Zynga’s finding out is that breaking into real-currency wagers is a difficult thing,” said executive VP Robert Melendres, who heads IGT’s interactive division. “They built their business as more of a causal social gaming business. We are well situated to take advantage of [real money], just as we’ve done in Europe.” Melendres’s goal is “convergence”: Bringing the experience someone might…

Zynga Stock Plummet After Ditching Online Gambling Plans

From Red Orbit – Zynga’s announcement it would be abandoning plans to enter the online gambling business in the US had investors cashing in their chips, as shares of the Farmville developer fell 14 percent in Nasdaq trading on Friday. The San Francisco-based social network game developer saw shares close at $3.01 after early trading saw the company’s stock plummet as much as 20 percent (to $2.81 per share), according to CNBC.com and Bloomberg reports. “While the company continues to evaluate its real-money gaming products in the UK test, Zynga is making a focused choice not to pursue a license…

Nevada Gaming Commission Approves Caesars Spin-Off

The Nevada Gaming Commission has approved the world’s largest land-based gaming firm, Caesars Entertainment Corporation, plan to establish the Caesars Growth Partners LLC venture. Las Vegas-based Caesars Entertainment revealed in April that majority shareholders Apollo Management LP and TPG Capital LP each intend to contribute $250 million towards the new enterprise, which is to be headed by Mitch Garber, Chief Executive Officer for Caesars Interactive Entertainment Incorporated. The trio of companies will then hold a 70% share in Caesars Growth Partners and control of the Caesars Interactive Entertainment subsidiary, Planet Hollywood Resort and Casino in Las Vegas, interests in a…