Launches and sign-ups 18 April 2012
Launches and sign-ups from the egaming industry in the last seven days (12 April to 18 April 2012).
Playtech to invest 95m in social.
Solutions provider proposes to take 20% stake in assets in which Teddy Sagi has a beneficial interest.
Playtech has signed a non-binding memorandum of understanding which could see the solutions provider secure a 20% stake in social gaming assets in which its founder Teddy Sagi has a beneficial interest.
The MoU is anticipated to precede a 95m investment which would see Playtech gain access to “a broad range of social gaming platforms and products,” according to a statement to the stock exchange this morning.
In the same statement the company explained that it “Believes it would be uniquely positioned as a leading B2B provider with the ability to supply cross platform capabilities for a full suite of products including social casino, poker, bingo and rummy,” upon the transaction being completed.
It would see Playtech acquire assets including real-money online casino software and content, as well as online poker and mobile poker and casino software, both for Apple and Android devices.
Betfair to launch ‘App Cloud’
Betfair has announced the launch of its new ‘App Cloud’, which allows software developers to build personalised betting sites or widgets making use of the Gibraltar-based operator’s proprietary exchange platform.
The first partner to make use of the new development is football club Manchester United, which has had a betting partnership in place with the exchange operator since 2009.
Others set to make use of the App Cloud include odds comparison site Oddschecker, which intends to go down the widget route.
Seven days in launches and sign-ups:
Media Corp’s online JV with Hippodrome delayed
Media Corp has announced that the launch date for its online joint venture (JV) with Hippodrome Casino has been delayed until the summer after the opening of the venue was pushed back.
The JV will launch “as and when” the casino opens, rather than the original target of 1 April. Under the terms of the deal Media Corp will supply the Hippodrome with online casino and poker products, replacing the casino’s previous deal with Gaming Media Group’s B2B arm InTouch Gaming.
Betfair signs deal with Geo Networks
Fibre network provider Geo Networks has announced that it has signed a deal to provide a fibre network connecting two of Betfair’s London-based datacentres.
The dedicated network will allow Betfair to improve IP transit connectivity between the datacentres as well as reducing latency and ensuring network availability to its customers, and develop faster data transfers between the London bases and the company’s datacentres in Ireland. The exchange betting operator becomes Geo’s second egaming client, after it signed a deal to provide Bet365 with a national fibre network last year.