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Esports Tournament Platform XY Gaming Announces Multi-Million Funding Round

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8-18 Esports Tournament Platform XY Gaming Announces Multi-Million Funding RoundReading Time: 2 minutes

 

XY Gaming, one of the world’s largest global esports tournament platforms where users compete for cash prizes, announced a $2.5 million USD seed funding round co-led by KB Partners and Varga Capital. XY Gaming organizes asynchronous esports tournaments using its proprietary technology, to create a convenient and hassle-free global arena for gamers to compete in some of the world’s top games, including League of Legends and Dota 2, with support for Fortnite, Rocket League, CSGO and additional titles coming soon. The company has worked with HyperX, GFuel, PaySafeCards, Sennheiser and Pinnacle, and has hosted more than 16,000 tournaments and 12.5 million games to date, catering to gamers of all skill levels.

“The majority of the esports market has few opportunities to compete for cash prizes,” said XY Gaming co-founder and CEO Aaron Fletcher. “Through our simple, free, and one-click to enter and play platform, we enable gamers of all skill levels to take their gaming to the next level in a fair and secure environment.”

The worldwide gaming market includes 2.5 billion active gamers. While most tournaments target the top one percent of gamers, XY Gaming creates a space for all gamers that want to play competitively. The company automatically tracks players’ in-game statistics and awards scores based on performance. Payouts are distributed via Paypal, credit cards, or credit for purchases in the marketplace. Unlike some tournaments which only divvy up earnings to players in the top one percent, XY Gaming divides cash awards between 30-40 percent of all participants in a tournament to increase participation rates and odds of winning.

XY Gaming also offers brands unparalleled engagement and advertising access to its more than 100,000 registered users. The company will use the new capital to enhance its advertising offering by developing a new branded tournaments model and expanding its advertising vertical, to better enable direct brand engagement.

Numerous brands have indicated a great disparity between what current tournament platforms offer and what brands expect, and I am excited that we now have the capital to grow XY Gaming and create this new marketing vertical that is global, inclusive and scalable,” added Fletcher.

Funds will also be used to expand the team, create marketing campaigns, partnerships and influencer sponsorships to grow the site, and add new well-known game titles including Fortnite, Apex Legends, and Rocket League.

 

About XY Gaming:

XY Gaming is the world’s largest global esports tournament platform where users compete for cash prizes across games like League of Legends and Dota 2 with support for Fortnite, Rocket League, CSGO and additional titles coming soon. XY Gaming organizes asynchronous esports tournaments, automatically monitoring players’ in-game statistics and awarding scores based on performance to create a convenient and hassle-free competitive arena for gamers of all skill levels. The company has hosted over 16 thousand tournaments and 12.5 million games to date and has attracted more than 1 million people in a single tournament. The company was co-founded in San Francisco. For more information, please visit www.xygaming.com.

About KB Partners:

KB Partners is a suburban Chicago based investment firm focused on early-stage venture capital investments. KB’s principals take an active approach in helping to build dominant new enterprises by working in partnership with talented entrepreneurs and experienced managers. The firm is currently investing out of KB Partners Myriad Opportunity Fund, which invests in passionate innovators at the intersection of sports and technology.

 


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 Tournament Platform XY Gaming Announces Multi-Million Funding Round

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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iSoftBet scores slot hit with Hot Shots 2

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hot-shots-2 iSoftBet scores slot hit with Hot Shots 2
hot-shots-2-1 iSoftBet scores slot hit with Hot Shots 2Reading Time: 2 minutes

 

Supercharged sequel sees players shoot for epic wins with unlimited multipliers and unique Ultra Bet feature

 iSoftBet, the leading online and mobile casino content provider, has launched Hot Shots 2, inviting players to lace up their boots and score huge wins in this supercharged sequel.

Always at the forefront of innovation, iSoftbet has included their new Ultra Bet* feature on this slot-based football extravaganza, allowing players to place a single wager to unlock 50 high-octane games, collecting wins, multiplier stars and bonus rounds along the way. Ultra Bet offers a unique way to play, prioritising the most exciting game features for a more engaging player experience.

Launched at the same time as live action football leagues resume, Hot Shots 2 takes the proven successful model from the original Hot Shots, with expanding Wilds, and takes it to another level with an unlimited increasing win multiplier during Free Spins for even more ways to strike it lucky.

Five quirky footballers are the high paying symbols, each one representing their own country. A German Shepherd, French cockerel, Spanish Bull, British Bulldog and Portuguese Fox all battle it out for possession of the reels, ready to fire up players’ fortunes in this feature-filled slot.

Players can win big in a host of ways, including from win multipliers, expanding Wilds, Free Spins bonuses and the special Wild Golden Ball. Hit the back of the net with this symbol during Free Spins and the ball expands both vertically and horizontally as well as increasing the win multiplier.

Three or more Hot Shots symbols will see you qualify for the Free Spins round, where the unlimited win multiplier is in play and regular footballs on reels 2, 3 or 4 will expand to form multiple wilds. And it’s not full-time yet, as Free Spins can also be retriggered via bonus symbols during the feature.

Mark Claxton, Head of Games at iSoftBet, said: “Hot Shots was so popular we decided to launch a sequel with a supercharged bonus for players to score even bigger wins. Launching our new Ultra Bet feature on this game made perfect sense as it embraces the exciting and frantic nature of the “beautiful game” while also offering players a whole new way to play slots.

“The launch of Hot Shots 2 is perfectly timed with the restart of many football leagues around the world, something so many people have been eager to see. We are delighted with the result of the game and confident it will prove to be the perfect strike partner for sport-starved slot fans.”

(*Ultra Bet not available in some markets)

iSoftBet is a leader in compliance, licensed in 17 regulated markets across the globe and providing brands with the highest quality casino games and maximum speed to market.


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: iSoftBet scores slot hit with Hot Shots 2

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Pragmatic Play Gets Summer Started With Fruit Party

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fruit-party Pragmatic Play Gets Summer Started With Fruit Party
fruit-party-1 Pragmatic Play Gets Summer Started With Fruit PartyReading Time: < 1 minute

 

 Pragmatic Play, a leading content provider to the gaming industry, has released its colourful new title, Fruit Party.

The 7×7 videoslot is packed with fruity flavour and colour, with a cluster pay mechanic setting it apart from your traditional game. With every successful spin, more fruit cascades down onto the reels with Pragmatic Play’s tumbling wins feature.

The Golden Fruit acts as a scatter symbol and triggers the bonus feature when three or more land on the reels. In the Free Spins mode, every winning block has the chance to be randomly multiplied by 2x or 4x, which can be expanded further if any other blocks in the combination also contain a random multiplier, up to 256x the initial win, for lucrative results.

Melissa Summerfield, Chief Commercial Officer at Pragmatic Play, said: “Fruit Party has all the colour and fun of any great summer bash, but this time it’s packed with wins.

“With an innovative cluster-style wins system and plenty of multipliers, Fruit Party can turn one spin into big payouts with its high volatility and action-packed Bonus Round!”

Pragmatic Play currently delivers up to four new slot titles a month, as well as an extensive range of Live Casino and Bingo products through its multi-vertical offering. The company’s entire portfolio is available through a single API integration.


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: Pragmatic Play Gets Summer Started With Fruit Party

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Kalamba Games appoints Piotr Simon as Product Owner

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piotr-kalamba Kalamba Games appoints Piotr Simon as Product Owner
piotr-kalamba-1 Kalamba Games appoints Piotr Simon as Product OwnerReading Time: < 1 minute

 

Kalamba Games has appointed Piotr Simon as Product Owner as the company looks to deepen and expand its product offering and Remote Gaming Server (RGS).

With substantial industry experience gained from his time at Game Desire and Yggdrasil, Simon will spearhead the company’s product development as it is set to fully roll-out its own RGS and promotional tools later this year.

Piotr Simon, said: “It’s a really exciting time to be joining Kalamba and to be working on such a key project. I look forward to contributing to Kalamba’s growth as it enters a new phase of its product offering and continues to innovate and lead on creating great content for the industry.”

Alex Cohen, COO at Kalamba Games, said: “As we move into another year of unprecedented growth, we are naturally looking to further strengthen the team with top talent and we’re really pleased to have Piotr on board to help build even more great products.

“Piotr has deep experience of developing great promotional tools and this will be invaluable to Kalamba as we enter a new stage of growth over the coming months.”


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: Kalamba Games appoints Piotr Simon as Product Owner

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