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Speciale Invest Leads Investor Group to Raise an Undisclosed Seed Fund for the Tech-gaming Poker Startup Pocket52

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1 Speciale Invest Leads Investor Group to Raise an Undisclosed Seed Fund for the Tech-gaming Poker Startup Pocket52Reading Time: 3 minutes

 

Bangalore-based start-up, an online poker platform Pocket52 , has taken a major step in evolving the Random Number Generator technology. iTech labs, a globally renowned third-party certification agency based out of Australia, has certified Pocket52 as a cryptographically secure RNG platform.

In Fact, Pocket52 is the first company to develop a cryptographically secure RNG, powered by Lava Lamps in India. They call it RNG+.

Speciale Invest led an investor group to raise an undisclosed seed fund for Pocket52. The group included marquee poker players like Abhigya Sagar, Pranjal Batra and a slew of astute entrepreneurs.

Pocket52 is boldly held together by Nitesh Salvi (CEO) along with other co-founders Saurav Suman(COO) (Co-Founder TimeMyTask now acquired), Debashish Bhattacharjee (CMO), and Satyam Verma(CTO).

Nitesh (Co-founder and CEO Pocket52) is an IIT Bombay graduate and a serial entrepreneur. His first venture Plancess was one of the top-ranked Ed-tech startups which were later acquired by the Career Point Group, Kota. Nitesh has been an ardent poker player from his IIT Bombay days. He mentions identifying major anomalies in his online poker experience over varied platforms.

A decade of unsatisfactory experiences inspired him to build a space of his own in the Online Poker Circuit. Nitesh along with the founding team aims to reconstruct the online poker experience with the help of Data & Machine Learning.

The Bangalore-based company expressed their intentions to infuse their funds in contriving an expanding consumer business. Pocket52 built their software from the scratch. The technology was built by India’s finest, led by the CTO of the company who is an avid poker player himself. Pocket52 has introduced many new features for a sophisticated gaming experience for their users.

The startup has absorbed a very dynamic and tech-savvy team which has built a whale of a product. This product holds the potential to attract a large user base and foster their sustenance. The CMO of the company with his extensive knowledge on the customer leads the planning of every reward feature and benefit. Each promotion is designed keeping in mind every type of potential poker player in India. This exhibits a tremendous level of faith in the start-up by their investors.

Arjun Rao, General Partner at Speciale Invest expresses, “We’re excited to support Pocket52 in their vision. Their vision is to bring technological innovations to the Indian online gaming sector. Of course, poker is their first game. They have a strong product differentiation around the game-play. Their integrity levels, fairness and high-quality player engagement, strengthen our confidence in them.”

Founder of Speciale Invest, Vishesh Ramrajan mentions, “The growth rate of the Indian online poker gaming industry is very high. It is a land of opportunities. Pocket52 has taken the technological lead in this space and we are happy to be a part of their growth journey.”

The RNG+ technology employed by Pocket52 is an additional security layer in their online card shuffle process. They drew this technological inspiration from some noteworthy companies like Cloudflare, a platform that acts as a medium to secure 10% of the entire World Wide Web.

Pocket52 has traced a roadmap for themselves. Their plan includes construction of personalized learning modules. This will equip the platform to impart personalized learning experience to the poker players. Machine learning will play a pivotal role in the design of these learning modules.

As per a study by KPMG & Google in India published in May 2017, the market value of Indian gaming Industry’s is about USD 300 Million. The estimated value of the online poker space in India is USD 7 billion. This value is combined with a base of more than 5 million poker players in India. This infers a massive market potential as companies like PokerStars India, Adda52, Spartan Poker, Pokerbaazi & 9Stacks are changing the face of online poker by promoting it as a game of skill.

About Pocket52

Pocket52 is a tech-savvy Poker platform, designed to create an excellent poker gaming experience and is equipped to nurture the dream of players who aspire to be professionals in poker. With a small team of dynamic people, we keep innovating to bring out the best in the players on the platform. We are always innovating to explore the untapped areas of online poker in India. So “BuildChurnWin” today at Pocket52.

For more information, please visit https://www.pocket52.com/ . 


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Esports Entertainment Group Appoints John Brackens, Former Activision Blizzard Manager of Network Operations, As Chief Information Officer

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Esports-Entertainment-Group-with-Global-Speedrun-Association Esports Entertainment Group Appoints John Brackens, Former Activision Blizzard Manager of Network Operations, As Chief Information OfficerReading Time: 2 minutes

 

Esports Entertainment Group, Inc., a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the appointment of John Brackens as Chief Information Officer.  Mr. Brackens is a senior level professional with extensive experience in startups, high-tech companies and the gaming industry, holding positions that have included CIO, COO and CTO.

During his time at Activision Blizzard, Mr. Brackens served as Manager of Network Operations, where he directed IT service management and hardware support for 4,500+ servers and 50+ million monthly active players. In addition to reducing server maintenance costs by 35%, he also improved system uptime from 97.81% to 99.99%.  Moreover, he managed technology projects including the automated detection and repair of online services and infrastructure using artificial intelligence.

Other key achievements by Mr. Brackens include the creation, execution, and monetization of the League of Gods Asia eSports series, as well as, managing a licensing application for Malta Gaming Authority and Curacao eGaming License.

Mr. Brackens stated, “I joined Esports Entertainment Group because of Grant Johnson’s commitment to providing a best in class betting experience to esports fans. Esports is going to be the leading source of entertainment in the next few years eclipsing many major traditional sports. I want to be a part of this movement. I look forward to helping drive the growth of VIE.gg through cost-effective technologies that deliver value and innovation to players and fans alike, so that everyone can enjoy all of our services as intended.”

Grant Johnson, CEO of Esports Entertainment Group stated, “We are very pleased with the addition of John to our senior management team. His experience at the highest levels of information technology and network operations, especially within different licensing regimes, will be invaluable as the Company embarks on its aggressive growth plans within the global esports industry.”

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Esports Entertainment Group Appoints John Brackens, Former Activision Blizzard Manager of Network Operations, As Chief Information Officer

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Week 20 slot games releases

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weekly-slot-releases-1-2 Week 20 slot games releasesReading Time: 4 minutes

 

Check out this week’s latest slot game releases!

 

Blueprint Gaming has released the newest addition to its portfolio, Legacy of Ra MegawaysTM, a shimmering adventure set deep in the Egyptian desert. Set in the imposing and mysterious pyramids, stunning visuals and an immersive soundtrack create an intriguing gameplay experience, while the Megaways mechanic, under licence from Big Time Gaming, provides players with up to 15,625 ways to win. Jo Purvis, Director of Marketing and Relationships at Blueprint Gaming, said: “Legacy of Ra MegawaysTM takes players on a journey through the Egyptian pyramids where big wins can be found if players can successfully raid the tomb.”

Legacy-of-Ra-Megaways-1 Week 20 slot games releases

 

Microgaming, has introduced Lara Croft® Temples and Tombs2122-67 Week 20 slot games releases, the latest, five-reel, 243 ways online slot developed by Triple Edge Studios. “The release of Lara Croft® Temples and Tombs2122-68 Week 20 slot games releases is a tremendously exciting moment for Microgaming, building on our longstanding branded relationship with Square Enix. The game reflects Triple Edge Studios’ passion and enthusiasm, making it a powerfully attractive product for new and established players,” Jean-Luc Ferriere, Chief Commercial Officer at Microgaming said.

2-6-1 Week 20 slot games releases

 

Pragmatic Play, wishes players good fortune with latest release, Caishen’s Cash. The 5×3 video slot features symbols from Chinese folklore, with hoards of coins littering the sides of the reels and an oriental soundtrack adding an immersive feel to the game. Once the bonus feature is triggered, players can choose between a Money Respin round or Free Spins. The Money Respin sees a number of different coloured coins hitting the reels, which can lead to huge wins.

Caishen’s-Cash-1 Week 20 slot games releases

 

Quickspin, has released the new game “Hall of the Mountain King”. The game combines Nordic folklore with new game mechanics, extremely volatile gameplay and the chance to win more than 7000x bet. Players can reach their maximum win potential by upgrading all their symbols, increase the multipliers to the max, collect all 6 whirling wilds and then watch it all play out in the last 3 spins. “I would recommend promoting Hall of the Mountain King with the Feature Trigger. The big highlight in this slot is to experience the bonus game and all its exciting features and game events, with a Troll King who’s waving his big hammer around,” Erik Gullstrand, Chief Product Officer at Quickspin said.

3-7-1 Week 20 slot games releases

 

Kalamba Games’ latest slot Doctor Electro amps up the excitement with an expanding reel offering players the chance to unlock electrifying wins. Starring the eccentric character Doctor Electro, the game sees the return of the player favourite HyperBonus feature that presents slot fans with a shortcut to free spins rounds, as well as two levels of bonus jackpots. Players collect column expansion symbols to trigger the all new HyperSpins feature that reveals expanding reels and increases the win potential. The game is a 5-column, 4-row base game, increasing to seven rows and up to 16,807 ways pays.

doctor-electro-1024x683 Week 20 slot games releases

 

Relax and unwind with the latest SYNOT Games release 8 Flowers, standing out from other classic slots both with its reel format as well as a fresh floral theme. Number 8 has a special significance in the Asian culture, representing prosperity and success. To underline the symbolism, 8 Flowers has a unique 3×3 format with 9 reels, 8 paylines and a full bouquet of features!

8flowers-synot-1 Week 20 slot games releases

 

Play’n GO have released their latest title into the market, a simple yet engaging slot entitled Inferno Star. Inferno Star is an easy to play 5×3 video slot made more engaging with its innovative re-spin feature and the decision to make the game payout with a minimum of only two matching symbols, as opposed to the usual three.

inferno-star-1 Week 20 slot games releases

 

Set in a dystopian futuristic world, and steeped in the occult, NetEnt’s latest release is a 5-reel, 3-row, 20-line video slot where four fearless friends set out to protect their city from the wicked Deep Pockets – and destroy the scatter symbol that turned him into an evil maniac. “Combining a proven, player-favourite math model with rich, comic-like graphics and a compelling superhero storyline, Arcane Reel Chaos has the ingredients needed to be a success. I have no doubts that it will be a hugely popular new addition to our portfolio,” said Bryan Upton, NetEnt director of games.

Arcane-Reel-Chaos-1 Week 20 slot games releases


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Week 20 slot games releases

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Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies

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9-8 Swedish Regulator Imposes Fine on Betway and Mandalorian TechnologiesReading Time: 1 minute

 

Spelinspektionen, the Swedish regulator, has imposed fine on Mandalorian Technologies and Betway for violating gambling regulations.

According to the Swedish regulations, license holders are only permitted to offer customers a single bonus, however, an investigation found that customers were continually offered bonuses by Mandalorian and Betway.

Mandalorian and Betway have been handed warning from the regulator and issued with penalty fees of SEK9m (£730k) and SEK5m (£406k) respectively.

“As the Spelinspektionen already had indications at the beginning of the year that some gaming companies did not comply with the legislation, on February 19, the authorities issued a letter to all licensees regarding bonus offers. After the letter, the Gaming Inspectorate noted some compliance from the licensees, but the assessment is that further measures must also be taken to achieve full compliance,” Spelinspektionen stated.

“The main purpose of the new gambling regulation, which came into force on January 1, 2019, is to strengthen consumer protection and reduce the negative effects of gambling. The limitation on bonuses is contained in the law to reduce social and economic damage and problem playing. The Gaming Inspectorate will therefore continue to focus on supervision of this area,” Spelinspektionen continued.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies

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