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

Zoltan Tundik

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Nitesh - CEO (Left), Debashish - CMO, Satyam - CTO, Saurav - COO (Right) (PRNewsfoto/Pocket52)
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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/ . 

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Asia

Patagonia Entertainment gears up for expansion in the Philippines

Niji Ng

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Patagonia Entertainment gears up for expansion in the Philippines
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Patagonia Entertainment gears up for expansion in the Philippines following a number of its popular Video Bingos have been certified for the iGaming market.

Patagonia’s in-house creative studio produces the best Video Bingo titles in the market. These have a fast-learning curve and perform equally well with players looking for some light entertainment and more adventurous high rollers. These games are particularly popular in the LATAM and Asian markets where Bingo has a strong historical and cultural presence. Each game is developed in HTML5 to enable players to access content from any mobile device.

Patagonia Entertainment’s Global Business Development Manager Victor Arias said: “The Philippines is an exciting opportunity for Patagonia as it represents a huge growth area for the business. Video Bingos are very popular in the region and the games will be a major asset for any iGaming companies expanding into this territory.”

 

About Patagonia Entertainment:

Patagonia Entertainment is a Video Bingo game development company known for creating innovative solutions for the e-gaming industry. Video Bingo is a hybrid between Bingo and Slot games. The company has managed to become one of the most popular game developers in the Latin American market and are rapidly growing into other markets. More information about Patagonia Entertainment can be found at www.patagonia-e.com.

 

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CoinPoint continues its global expansion by signing new deals in the Asian iGaming market in 2019

George Miller

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CoinPoint continues its global expansion by signing new deals in the Asian iGaming market in 2019
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It’s a beginning of a very successful year for CoinPoint Group INC. CoinPoint is a leading multinational premium digital marketing agency, with outstanding place on the global blockchain and crypto map since 2013.

CoinPoint a well-known partner within the iGaming business, as it has helped dozen of igaming companies achieve amazing results and exponential growth in their business, while first integrating blockchain into their model and helping operators position themselves better in the market.

Asia, being the major and one of the biggest markets in terms of iGaming for all sectors including live dealers, sports betting and table games, is in a dire demand for new technologies and solutions and also professional and experienced partner to advice on the right marketing approach in such a dynamic and demanding industry. By participating in one of the biggest Asian iGaming events in March 2019, CoinPoint is aimed at confronting these demands and further assist the most aspiring projects in the industry reach the well-deserved prominence.

Denitza Alexieva, Head of Marketing of CoinPoint Group INC. underlines:
Asia is a complex market and our clients recognized they needed a professional agency with global experience and a strong network of local partners. CoinPoint has been in this market since 2013 and it helped numerous platforms, providers and operators implement crypto solutions throughout the years. We see Asia as the leading market to implement blockchain technology into iGaming businesses. We at CoinPoint keep bestowing our blockchain and crypto knowledge to them, so that they can keep up the pace with the latest blockchain trends.

EOSBet is the first fully-licenced and provably fair on-chain casino whose marketing campaigns and Asian market reach is successfully put through by employing CoinPoint’s remarkable strategies and network of connections. EOSBet is currently ranked as no.1 Gambling dApp on ample of dapp reviews, and has seen its user-base grow significantly, especially those from Asian countries.

“We’re very excited about CoinPoint’s expansion into the Asian iGaming market. The vast majority of our traffic comes from Asia, so it’s important to have a strategic marketing partner in the region. Players in the Asian market have a strong understanding of the benefits that blockchain technology brings to the gaming industry, especially with regards to provable fairness and new token economies”.

Similarly, we are lending RWB solutions international a hand in crypto implementation and integration especially in Korean and other Asia-Pacific countries. The immediate upshot of our consultation is an emergence of Asian-based iGaming brands which started optimizing RWB’s resources to the best of their capabilities.

Miscellaneous clients operating on the Asian market, have been added to CoinPoint portfolio, but can’t be quoted because of signed NDA. The majority of CoinPoint’s clients spring from dApp and payment solution industries.

Nowadays and further down the road into 2019, CoinPoint is, and will be, working more with Asian clients and partners to present, implement and monetise blockchain solutions, together with dApps technologies, advanced acquisition channels, hosting and CDN prioritization, new age of gaming solutions, P2P sports betting and many more.

If you are interested in discussing our capabilities and outreach in Asia, you can contact us on sales@coinpoint.net .

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Japanese businessman writes to Philippine Stock Exchange to block listing of Manila casino

Niji Ng

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Japanese businessman writes to Philippine Stock Exchange to block listing of Manila casino
Photo Source: abs-cbn.com
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In a strange new development, Japanese businessman Kazuo Okada has written to the Philippine Stock Exchange, seeking to block the proposed listing of Tiger Resort Asia Ltd., a Manila-based casino. He cites that the casino’s parent company Universal does not have authority to go ahead with the listing plan.

Okada founded Universal in the 1960s. It started out as a manufacturer of pachinko and other gaming equipment. But he is at loggerheads with the company now and has been engaged in a complex legal battle.

He was ousted as Chairman of Universal in the summer of 2017 and was accused of misappropriating millions of dollars during the time he was at the company’s helm. Mr. Okada has repeatedly denied those allegations and has been trying to regain control of the gaming giant and of its owner, Okada Holdings.

News emerged last year that Tiger Resort Asia Ltd. would acquire a majority stake in the Manila-listed Asiabest Group International Inc. to pave the way for its backdoor listing. Tiger Resort Asia is the owner of the $2.4-billion Okada Manila integrated resort.

In a letter to the Philippine Stock Exchange dated January 11, Mr. Okada’s legal team said that “the backdoor listing is not authorized and is opposed by the casino magnate,” who is the true owner of controlling shares, and Chairman and Sole Director of Tiger Resort Asia and all Okada companies.

The letter went on that there was “a serious issue as to whether Fujimoto et al. are legitimate directors/officers of Tiger.” Mr. Okada’s lawyers referred to Universal Entertainment’s President Jun Fujimoto.

Earlier this month, the Parañaque City Regional Trial Court Branch 257 issued an arrest order for Mr. Okada. The order was related to a legal battle between the businessman and Tiger Resort Leisure and Entertainment, one of Universal Entertainment’s Philippine subsidiaries. Tiger Resort sued Mr. Okada for improperly obtaining more than $3 million.

The casino tycoon dismissed those allegations, saying that he received the contested amount as salaries and fees for consultancy services during the time he was serving as CEO and Director of the company. Mr. Okada was ousted from his roles at Tiger Resort in the summer of 2017.

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