Games news sponsored by SG Digital

Investment firm MGT Capital Investments has finalised a deal to acquire Avcom Inc, a New York-based developer focused on mobile social casino products which operates under the Mobile Vegas brand.

Industry body the International Social Games Association (ISGA) has announced a series of best practice principles, designed to set minimum standards for consumer protection, accountability and transparency.

Mediabistro has announced that its Social Gambling & Gaming Summit will be taking place next month in Las Vegas, with the event focussing on the intersection of casino-style social games, mobile gaming, virtual goods, and the bridge between mainstream social gambling and gaming.

IGT chief executive Patti Hart has revealed that the company’s CFO John Vandemore was handed control of the company’s DoubleDown Casino product in order to lead the social offering through what she described as a “new chapter” of increased investment designed to accelerate the app’s growth.  

When IGT announced its acquisition of DoubleDown Casino in January last year, most people baulked at the hefty price tag, yet consistently high revenue figures have vindicated the deal. Now the company is preparing for the next phase of the app’s development as it targets expansion in poker and bingo.

Gaming platform provider Mediatech Solutions has acquired the GameShaper+ social gaming platform developed by the now-defunct Enteraction for an undisclosed sum, with Enteraction managing director Andy Rogers also joining the Madrid-based business.

Rob Glaser, interim CEO of online media distribution and services provider RealNetworks, said Wednesday that he expects future social casino launches to help return the company to growth, but admitted that the business has “a lot more work to do” to achieve these aims after third quarter gaming revenue fell 24 per cent.

Delaware’s three video lottery agents, the Delaware Park and Harrington Raceway racinos and Dover Downs casino, have launched IGT’s DoubleDown Casino on their websites, with the roll-out described as a prelude to the launch of real-money gaming in October.

Players will be required to log in using a Facebook account and will receive free chips each time they access the site to play its range of casino games, which include slots, blackjack and poker.

Delaware Lottery director Vernon Kirk described the DoubleDown launch as a “first step in providing a virtual casino for our customers.”

“This is a great opportunity for our patrons to get acclimated with the way Internet gaming works in preparation for the launch of the first-in-the-nation full casino-style legalized online gaming,” Kirk explained.

Under the Delaware Gaming Competitiveness Act, only the state lottery and licensed video lottery agents are permitted to operate an online gaming offering. With the launch of real-money gaming, players will be required to complete age and ID verification checks before being permitted to deposit funds, with real-money gaming restricted to within state lines.

The real-money offering, which is scheduled to launch by October 30th, will be powered by Scientific Games and 888, after the companies were selected as the lottery’s primary vendor of online gaming systems and services in May of this year.

State secretary of finance Thomas J. Cook, who is overseeing the online gaming project, said that as Delaware would be the first to launch casino products in the US market, it did not “have the benefit of past practices,” but would strive “to create something publicly appealing with the proper infrastructure to support it.”

He added that the lottery expects its offering to be “winner-attractive, engaging and easy to use”, and with testing currently underway, he is confident that it will be ready to launch by the end of October.