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Zynga acquires Gram Games

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US-based social gaming operator Zynga has bought Gram Games, the UK-based mobile games developer who developed the popular Merge Dragons! Title, for $250 million in an all-cash deal. Gram Games will be eligible for a three-year earn-out also, provided their team achieved the “profitability goals that align with Zynga’s long-term growth plans.”

Gram Games has 77 employees at two development studios in London and Istanbul. 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.

Gram Games co-founder Kaan Karamanci humble-bragged that his company had “helped define the hyper-Casual genre” and believed the marriage with Zynga’s live services expertise would help “grow our games and continue to delight millions of players around the world.”

Zynga said it didn’t expect any “significant” revenue impact from Gram Games in Q2 as the expected extra bookings (the in-game sale of virtual goods) of $10m will be classified as deferred revenue that will only be recognised in future quarters.

The markets reacted positively to Zynga’s announcement, pushing the company’s share price to $4.56 in mid-Friday trading from $4.19 at Tuesday’s close.

The Gram Games deal is the latest in a string of Zynga acquisitions, including last year’s $100m deal for Peak Games and the $42.5m purchase of Harpan Solitaire. The Peak Games deal also included an Istanbul-based studio that Zynga has transformed into its Casual Cards team’s HQ.

Zynga’s financial fortunes have undergone a significant turnaround of late, including setting new records for mobile engagement, which used to be Zynga’s Achilles heel.

Source: CalvinAyre.com

Source: European Gaming Media and Events

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Skyrocket Deals with Millennium Media, Snaps up Hollywood Film Rights

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The US based tech-entertainment company, Skyrocket Entertainment, has made deal with US-based Millennium Media and acquired international rights to a number of iconic Hollywood feature films including Rambo 4, The Expendables and the Fallen franchise. Skyrocket will transform these stories and characters into new gaming content and products and migrate them into the worldwide online gambling sector.

Production of the film-branded gaming content will commence from May 2019 with expected delivery slated for 2020. The deal was struck between Skyrocket CEO, Sean O’Kelly and Millennium Media president, Jeffrey Greenstein.

“We are excited to be working with Millennium Media, adding the crown jewels of their library to the Skyrocket slate for this innovative venture. Millennium recognised the value and vast potential of this new revenue stream from day one and we’re looking forward to creating fresh and immersive gaming experiences around these well-loved films, which resonate with existing but also new audiences worldwide,” O’Kelly said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Skyrocket Deals with Millennium Media, Snaps up Hollywood Film Rights

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AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of China

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AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of ChinaReading Time: 1 minute

 

AGTech Holdings Limited is delighted to announce that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co., Ltd has won the lottery terminals procurement tender to supply lottery terminals to the Sports Lottery Administration Center in Guangxi Zhuang Autonomous Region of the People’s Republic of China, following the winning bids in Tianjin and Hainan since 2019. The successful bid further strengthened the Company’s leading position in China’s sports lottery hardware market and demonstrated the continued competitiveness of AGTech’s lottery terminals.

John Sun, Chairman and Chief Executive Officer of AGTech said, “So far this year, AGTech GOT has already won tenders in various province, municipality and autonomous region across China, further reaffirming our hardware division’s continued dedication to and leading position in China’s lottery industry. AGTech has and will continue to enhance product innovation, ensure safety and R&D compliance, and contribute to the overall healthy development of China’s lottery market.”

 

About AGTech Holdings Limited:

AGTech was incorporated in Bermuda and its shares are listed on the GEM (Stock Code: 08279). AGTech is an integrated technology and services company engaged in the lottery and mobile games and entertainment market with a focus on China and selected international markets. A member of the Alibaba Group with around 400 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Financial Group.

AGTech’s businesses are broadly divided into two categories:

  • Lottery (including hardware, games and systems,  provision of distribution and ancillary services); and
  • Games and Entertainment.

AGTech is a Gold Contributor of the World Lottery Association (WLA), an associate member of the Asia Pacific Lottery Association (APLA), and an official partner of the International Mind Sports Association (IMSA).

For more information, please visit www.agtech.com

 

SOURCE AGTech Holdings Limited

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of China

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Pariplay Launches Dragons of the North

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Pariplay Ltd., a leading provider of Internet Gaming Systems, has launched Dragons of the North, a new online video slot that sends players on a thrilling journey to a world of fantasy and adventure.

Beautifully realised graphics further add to the game’s allure, depicting a colourful but treacherous landscape that is sure to encourage repeat play and deeper exploration into all this magical world has to offer.

Players can trigger several special reel prizes with the Golden Dragon Egg symbol, which also acts as a Wild in both the base game and free spins. Possible rewards include cash prizes, 10 free spins and one of four different jackpots with multipliers ranging from ×15 to ×1000.

“We’re very excited about Dragons of the North, which is a worthy follow-up to the incredible success of the Rumble Rhino slot that we launched in March. These games are each representative of our commitment to crafting engaging experiences with innovative gameplay features. In the case of Dragons of the North, we’ve included a special feature where each reel has its own prize, which changes with each spin,” Richard Mintz, Commercial and Marketing Director of Pariplay said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Pariplay Launches Dragons of the North

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