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Play2Live to fund Gaming and Esports Industries

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Play2Live (P2L), the world’s first ever blockchain-technology decentralised streaming platform for gamers and esports enthusiasts, launches a venture fund that focuses on seed investments in gaming and esports projects. The initial value of the fund is $2M. In future, the fund will enhance its value attracting new partners.

Alexey Burdyko, CEO and founder at Play2Live, will become a managing partner of the fund. Burdyko is one of the industry leaders of the esports market in Eastern Europe and CIS. Play2Live raised $30M in total funds during a successful token sale event under his leadership.

The fund will be focused on projects from Eastern European countries and CIS. Each project will receive $50K to $150K amount of investments. The fund team have already planned to hold 48 hours hackathons in Minsk, Moscow and Kazan, uniting developers, gamedev specialists, machine learning and blockchain pros. The prize fund for each hackathon will be $10K. During these hakatons, the fund will be looking for the projects in the field of computer vision in games, game characters intellectual behaviour training, game strategy optimisation, game data analysis and matches outcome prediction. The hackathons will be the first of their kind in Eastern Europe to merge blockchain technology and gaming industry. Alongside, in the coming months the fund will announce the first deals.

“It is extremely important for us to support fast-paced, rich in opportunities esports market. Every day we receive calls from projects preparing for the token sale, or various startups looking for financial investments. To help them in the most efficient way and to identify the most promising ones, we decided together with Play2Live partners and investors to launch a fund and start working right away. And of course, we will consider potential synergy with Play2Live. Our platform provides expanded ecosystem open for partnerships with promising young market players,” comments Alexey Burdyko.

The fund team will unite global gaming, esports and venture industries leaders. The fund will form an advanced advisory board that will consist of current large-scale esports companies’ representatives and gaming market professionals. “We would like to invite investors and other funds to collaborate with us, because the prospects in the industry are tremendous, and we understand it, as no one else. Our experience and connections will help all the partners to achieve success,” concluded Alexey.

 

Source: Play2Live


Source: EuropeanGaming.eu

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Phil Silver honoured by MPs for contributions to social responsibility

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Phil Silver honoured by MPs for contributions to social responsibilityReading Time: 2 minutes

Conservative Party MPs Sir Peter Bottomley and Rt Hon Nick Herbert attended a presentation to honour former Bacta Compliance Officer, Phil Silver and to mark his contribution to the development of a social responsibility culture in Britain’s adult gaming centres, seaside arcades and bingo clubs. Phil Silver received the Bacta Community Award at the presentation hosted by Esther O’Neill and Sarah Clarke of Worthing based Connaught Leisure.

Highlighting his work with social responsibility organisations including GamCare, the national provider of information and support for anyone affected by problem gambling and the Gordon Moody Association, the first charity in the UK dedicated to providing residential treatment to help problem gamblers, Bacta National President Gabi Stergides said: “In a career with Bacta spanning three decades Phil Silver has made what I would argue is the single biggest contribution to social responsibility in the low stake gaming industry. Thanks in no small part to Phil, Bacta was the first gaming industry body to work in partnership with GamCare and his contributions as a Trustee of the Gordon Moody Association have been invaluable. In his role as Bacta’s Compliance Officer he has assisted members implement the social responsibility commitments that are a requirement of being part of the trade association. His contribution to the development of an industry that upholds the highest standards of social responsibility cannot be underestimated.

Commenting on the industry recognition, Phil Silver said: “I am delighted to receive this award which marks the end of my long career with Bacta. Members of the trade association understand that it’s not enough to simply support social responsibility and customer protection, businesses have to demonstrate it. We have undertaken some pioneering work and I’m extremely proud that I was able to make a small contribution to the massive issue of social responsibility in gaming.

Reflecting on the presentation Bacta chief executive, John White said: “It was extremely generous of Nick Herbert and his fellow Sussex MP, Sir Peter Bottomley, to present Bacta’s Community Award to Phil Silver. Their attendance acknowledged Phil’s contribution to the amusement machine industry over a thirty year career and his support for problem and at risk gamblers via charities Gamcare and the Gordon Moody Association. I would personally like to thank Nick and Sir Peter for taking time out of their busy schedules in order to present this Award and to Esther and Sarah for hosting us at Connaught Leisure, the business that was created by the late Pat O’Neill who was a great friend to so many Bacta members. The presentation reflected the great importance that Bacta and its members place on social responsibility.

 

About bacta:
Bacta represents the amusement and gaming machine industry in the UK, encompassing high-tech and creative manufacturers, machine suppliers for pubs, clubs and bingo halls, as well as operators of Family Entertainment Centres and over 18s Gaming Centres. Bacta members include the whole of the amusement machine supply chain in the UK, which has a collective turnover of nearly £2bn across more than 500 companies, operating in excess of 310,000 machines.


Source: EuropeanGaming.eu

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NetEnt’s Mega Fortune™ strikes again after lucky player wins €3.7m jackpot

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NetEnt’s Mega Fortune™ strikes again after lucky player wins €3.7m jackpotReading Time: 1 minute

NetEnt, leading provider of digital gaming solutions, has continued its jackpot hot-streak after another lucky player from Sweden dropped a massive win when €3,773,845.27 was collected while playing Mega Fortune™ on LeoVegas casino.

 

May 25th, 2018 – The winner from Sweden had staked just €4.80 before going on to take the €3.7m jackpot on NetEnt’s popular jackpot game Mega Fortune™ in early May.

This latest big win showcases that NetEnt continues to lead the way in jackpot games with a massive five millionaire-making jackpots dropping in 2018 alone, paying out an astonishing €19,799,183 so far this year.

Henrik Fagerlund, Chief Product Officer of NetEnt, said:The jackpots just keep on coming and we’re happy to see another player scoop a life-changing amount of money while playing our games.

At NetEnt, we thrive on providing moments like this for operators and players alike, and hope that our good luck continues as we head into the summer.

 

NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by their cutting-edge platform. With innovation at its core, NetEnt is committed to helping customers stay ahead of the competition. NetEnt is listed on Nasdaq Stockholm (NET-B), employs 900 people and has offices in Stockholm, Malta, Kiev, Gothenburg, New Jersey, Krakow and Gibraltar. www.netent.com


Source: EuropeanGaming.eu

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IGT obtains long-term Norsk Tipping bingo supply deal

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IGT obtains long-term Norsk Tipping bingo supply dealReading Time: 1 minute

IGT Global Services will be the provider for Norway’s new online bingo solution in a recent deal made with Norsk Tipping AS.

The new deal comes after an already existing six-year business relationship between IGT and the state operator.
Norsk Tipping’s head of igaming and VLTs, Hans Erland, noted that the new online bingo solution would bring an enhanced digital offering to players and the proceeds would remain in Norway, being donated to support the arts, sport and cultural initiatives.

The contract provides for an online bingo solution in combination with online casino and instant win games. It is a five-year contract and includes provision for three two-year extension, potentially giving an overall 11-year relationship.

Norsk Tipping’s current digital bingo platform was provided by IGT in 2014. Its replacement is built on multi-channel HTML5 for desktop, tablet and mobile and offers 10 game variations.

Declan Harkin, senior vice-president and chief operating officer, international, at IGT, added: “This agreement enables Norsk Tipping, a leader in regulated digital gaming, to strengthen player acquisition and retention through IGT’s new online bingo solution, offered in combination with online casino and instant win games and available seamlessly in a single game window.

 

Source: intergameonline.com


Source: EuropeanGaming.eu

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