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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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Week 12 slot games releases

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weekly-slot-releases-1-3 Week 12 slot games releasesReading Time: 4 minutes

 

It’s Friday already, so kick back and have a look at this week’s latest slot game releases!

 

We begin this week’s recap with Kalamba Games, who has delivered its latest stunning slot Hong Bao allowing players to open up the delights of the ancient Chinese tradition of the red envelope, which brings good luck and fortune. Hong Bao is exclusively distributed on the Relax Gaming platform via its Silver Bullet partner program. Alex Cohen, chief operating officer and co-founder at Kalamba Games, said: “Hong Baois a fantastic game with stacks of exciting new and familiar Kalamba features that are sure to have players thrilled and engaged.

hong-bao-1 Week 12 slot games releases

 

Betsoft Gaming sets the juice loose with its latest standout slot game, Fruit Bat Crazy. A new take on traditional cascading games, Fruit Bat Crazy allows players to build delicious combinations before smashing them in a single, seriously succulent splat.  In Fruit Bat Crazy, clusters of low-paying symbols always pop first, and symbols collapse on a combo-by-combo basis – so small wins will trigger their own cascades before big wins are calculated, increasing the chances of a deluge of delicious fruit.

10-5-1 Week 12 slot games releases

 

The nudge is king as NetEnt takes players deep into the jungle on a treasure hunt in search of ancient gold. There is more than meets the eye in Temple of Nudges2122-86 Week 12 slot games releases. Set among the exotic flora and fauna of a lush, verdant jungle, the 5×3 video slot with 243 betways combines nudges, symbol stacks and re-spins to deliver maximum excitement. “Nudges are a big favourite with players around the world and with us too, so we created a game that is all about nudges delivering great wins. The feeling we created when combining nudges with the re-spins, giving a chance for even longer nudges, is a pretty powerful one. Temple of Nudges2122-87 Week 12 slot games releases will be a great and specifically crafted addition to our diverse and deep portfolio,” said Bryan Upton, NetEnt Director of Games.

Temple-of-Nudges-1 Week 12 slot games releases

 

Greentube’s Home of Games keeps on getting better and better. The bar is about to be raised even higher with the addition of four of the most innovative casino games on the market enriching its portfolio, Jewels Match 3, Secret Trail Match 3, Sparkling Fruit and Jinxy Match 3. All four ground-breaking Match 3 titles will be available to B2B partners in the coming months. Match 3 games have opened a unique new casino game category of their own, combining the interactivity of a Match 3 game with the thrill of a classic slot.

match3-games-1 Week 12 slot games releases

 

Yggdrasil‘s latest casino slots gem, Dwarf Mine, tasks players to dig deep to discover hidden treasure and potentially massive wins. Throughout the game players are accompanied by a determined dwarf digger who uses his tunnelling machine to uncover underground valuables. His work is made simpler by drill-shaped Bonus symbols, which expand the reel set by revealing additional rows of symbols. Hitting three Bonus symbols during a single spin grows the reel set from 5×4 to 5×7 symbols and starts a Free Spins round with the enlarged reel set.

dwarf-mine-1 Week 12 slot games releases

 

Lightning Box has enhanced its partnership with leading UK operator William Hill after agreeing an exclusive omni-channel release of its latest title Lightning Leopard. The game was rolled out first on terminals in the bookmaker’s shops during ICE 2019, at the beginning of February, and will now be available for their online players for a special five-week period. Peter Causley, CEO of Lightning Box, said: “We have established a very good relationship with William Hill and it’s great to be able to launch Lightning Leopard exclusively both in their shops and online.“

Lightning-Leopard-1 Week 12 slot games releases

 

Kalamba Games is adding a seasonal touch to its player favourite Mammoth Chase with an Easter egg hunt full of big wins to be discovered. Players can celebrate the holiday season with Mammoth Chase: Easter Edition which features traditional Easter characters and symbols such as bunnies, chickens and eggs. Mammoth Chase is one of Kalamba’s most popular slots, featuring stacked mammoth symbols that combine to award big wins, free spins with a frequent retrigger and multiplier wild symbols.

kalamba-mcee-1 Week 12 slot games releases

 

iSoftBet, the market-leading online and mobile casino software provider, has released its latest blockbuster slot, the Egyptian themed Book of Immortals. The 5-reel, 10-line slot features classic characters from Egyptian mythology, such as feared God of the Dead Anubis, as well as a collection of fearsome gods and goddesses from Egypt’s fabled past. The lucky scarab symbol, covered with hieroglyphs, acts as a wild, with the Free Spins mode activated if three or more scarab symbols land on the reels simultaneously. As with all iSoftBet games, Book of Immortals is supported in both landscape and portrait modes when run on mobile devices and has a wide range of currency and language options.

book-of-immortals-1 Week 12 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 12 slot games releases

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IGT Extends Contract with Kansas Lottery for Providing INTELLIGEN™ System

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9-13 IGT Extends Contract with Kansas Lottery for Providing INTELLIGEN™ SystemReading Time: 1 minute

 

International Game Technology PLC, has signed a new three-year contract with the Kansas Lottery for providing its INTELLIGEN2122-85 IGT Extends Contract with Kansas Lottery for Providing INTELLIGEN™ System central computer system and services to monitor electronic gaming machines throughout the state. The new deal, an extension of the original central system services agreement awarded to IGT in 2008, will start on December 15, 2019 and end on December 14, 2022.

“We have leveraged more than 20 years of development expertise and knowledge gathering with gaming central system customers throughout the world to produce the INTELLIGEN system to ensure it’s equipped with the most advanced tools for our customers,” said Jay Gendron, IGT Chief Operating Officer, North America Lottery. “IGT and the Kansas Lottery have built a strong partnership since this contract began more than 10 years ago, and we’re pleased to be furthering this relationship by continuing to provide our advanced system to the nearly 5,000 electronic gaming machines in the state.”

“IGT’s INTELLIGEN system has helped the Kansas Lottery meet the objectives of operating our electronic gaming machines with the highest standards of integrity and security to benefit the state for the last 10 years,” said Stephen Durrell, Kansas Lottery Acting Executive Director “We look forward to continuing our relationship over the next few years.”


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: IGT Extends Contract with Kansas Lottery for Providing INTELLIGEN™ System

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Rivers Casino Schenectady submits comment on legalising sports betting

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8-14 Rivers Casino Schenectady submits comment on legalising sports bettingReading Time: 1 minute

 

Rivers Casino & Resort Schenectady has submitted a comment on the New York State Gaming Commission’s proposed regulations for legalising sports betting in New York state. The regulations to authorise and regulate the conduct of sports wagering at the four commercial casinos licensed by the Gaming Commission, including Rivers Casino, are now open for public comment until May 20, 2019.

The following quote is from Rivers Casino & Resort Schenectady Acting General Manager, Justin Moore:

“We’re extremely pleased that sports betting regulations have been released for public comment and are looking forward to introducing one of the first licensed sports books in the state of New York at Rivers Casino & Resort Schenectady. It’s very exciting to be able to bring sports fans and sports bettors into the casino to place legal wagers for the first time.”


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: Rivers Casino Schenectady submits comment on legalising sports betting

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