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eFuse raises $1.4 million seed round

George Miller

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eFuse raises $1.4 million seed round
The eFuse team is pictured with Ohio Innovation Fund and Moby Dick Unlimited. Both companies have been instrumental in scaling eFuse.
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eFuse secures major partnerships and brand ambassadors in preparation for launch

eFuse, a web and mobile application that serves as the professional hub for esports and video games, announced a $1.4 million seed round in preparation for the platform’s launch on December 10, 2019. As one of the fastest growing forms of entertainment across the globe, esports draw international competitors to tournaments with prize pools of up to $30 million and hundreds of millions of spectators.

“eFuse is the answer for every gap in the esports industry,” eFuse CEO Matt Benson said. “Since I founded eFuse in November 2018, our team has made strides in securing exclusive partnerships and creating the best platform for our community, so we’re thrilled to provide life-changing opportunities to gamers around the world starting in December.”

eFuse has secured funding from Ohio Innovation Fund (OIF), a venture capital firm with a track record of building high-growth startups in the Midwest. Benson honed his passion for entrepreneurship as an entrepreneur-in-residence with OIF in 2018.

“The esports industry is experiencing hyper growth — with the market size already at $1.2 billion, it’s expected that over $150 billion will be spent on video games and esports in 2019,” OIF Managing Director and eFuse Board Member Bill Baumel said. “The industry’s colossal reach is illustrated by the 2018 League of Legends World Championship Final, which had over 100 million unique viewers. That’s more than 2018’s Super Bowl.”

Professional athletes such as NFL player Braxton Miller and social media influencers such as chocoTaco, who has more than 1 million subscribers on YouTube, have given eFuse their seals of approval. Both will be serving as brand ambassadors to eFuse as the company prepares for launch.

eFuse has also built a seasoned team of employees and advisors to lead the company. Chief Technology Officer Patrick Shuff worked in engineering at both Facebook and Netflix. Anthony Muraco, an advisor to eFuse, was the director of gaming operations at the Cleveland Cavaliers and currently serves as the director of business operations for two prominent esports teams, SeattleCOD and Vancouver Titans.

To build upon this foundation, the team works closely with Moby Dick Unlimited in a shared office space. Moby Dick is the marketing firm behind several ultra-popular influencers who have three billion cumulative views, more than one hundred million subscribers across their social channels, and connections to the top esports professionals and organizations across the country.

 

About eFuse:
eFuse is a web and mobile software as a service company that provides validated opportunities and candidates for the esports and video game industry. eFuse acts as the central hub for esports and video game collaborations in all areas, including player talent recruitment, traditional job placement, and the sourcing of sponsorship deals.

 

Source: eFuse

Gambling in the USA

Aristocrat’s “One Link Bonusing” Now Available in Nevada

Niji Narayan

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Aristocrat’s “One Link Bonusing” Now Available in Nevada
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Aristocrat has successfully completed the 30-day field trial of its ONE LINK Bonusing solution in Nevada. Casino operators across Nevada can now offer their players increased levels of engagement and excitement with the approval of enhanced and expanded features within Aristocrat’s ONE LINK Bonusing solution.

Aristocrat’s ONE LINK is available to operators regardless of whether or not they own Aristocrat’s Oasis 360 system solution, allowing operators across Nevada to bring this innovative solution to their players.

“Oasis ONE LINK Bonusing features help casino partners further increase fun and excitement on the floor. It is one more way that Aristocrat is creating industry-leading solutions with the customer experience in mind,” Thomas Castleberry, Aristocrat’s VP of Systems Strategic Initiatives said.

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Eastern Europe

Red Star Poker to Join Playtech’s iPoker Network

Niji Narayan

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Red Star Poker to Join Playtech’s iPoker Network
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Red Star Poker is going to join the iPoker network of Playtech.

Having been a well-established Poker operator across Eastern European markets, Red Star’s agreement with Playtech reaffirms that, Playtech’s commitment to the Poker vertical continues to strengthen.

Red Star Poker was established in 2005 to provide a comfortable and secure poker experience to players worldwide. Since then, Red Star has been chosen as a safe and reliable partner by hundreds of thousands of players looking for a high-quality gaming solution that focuses on the Eastern European marketplace.

With a focus on growth in regulated markets worldwide, in line with Playtech’s wider strategy, the iPoker network offers an excellent liquidity pool, backed by software and services developed to comply with regulatory requirements in multiple jurisdictions.

“We are delighted to welcome Red Star on board with Playtech. At a time when the Poker market is facing undeniable challenges, at Playtech we are completely committed to addressing those challenges head-on. Red Star’s decision to collaborate with us is a testament to our long-term investment in our Poker network and its ongoing development – and, of course, our commitment to our operators,” Shimon Akad, COO of Playtech said.

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Gambling in the USA

GAN Appoints B. Riley FBR to Lead U.S. Listing

Niji Narayan

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GAN Appoints B. Riley FBR to Lead U.S. Listing
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GAN plc has appointed B. Riley FBR, a subsidiary of B. Riley Financial Inc., as its lead banking adviser.

This key appointment is made by the company in pursuit of its stated equity capital markets strategy of making GAN’s equity readily available to the U.S. investor community, to improve liquidity and maximise shareholder value.

The Company’s Board of Directors selected B. Riley FBR based on its demonstrated capital markets track record working with emerging U.S. public companies in the technology sector, including Software-as-a-Service vendors.

“We are excited to appoint one of the leading financial advisory firms in the United States to support GAN through the next few months, with the shared objective of obtaining a U.S. listing as soon as reasonably practical. This is the first visible evidence of a process which is already substantially underway, and we look forward to updating the market when appropriate and in line with our continuing compliance obligations,” Dermot Smurfit, CEO of GAN said.

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