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Internet-based Gambling Firm GameLogic Raises $18.6 Million

Authored by Mark Hefflinger on February 8, 2006 - 4:20am.
Waltham, Mass. - GameLogic, a provider of Internet-based gaming entertainment platforms designed to help casinos and lotteries boost revenues, has raised $18.6 million in its second round of venture capital, led by Bain Capital Ventures. Founded in 2002, GameLogic offers regulatory-compliant Internet gambling platforms like PlayAway, where casino visitors can purchase wagering "tickets" within the casino, play Internet-based gaming in surrounding areas, and return to the casino to collect winnings. The company's HomePlay functions in a similar way with state lotteries, where wagers and collections take place through a licensed lottery organization. Last November, the New Jersey Casino Control Commission approved the company's platform after a formal review by the State's Division of Gaming Enforcement. GameLogic said that it expects to launch the product in New Jersey during the second quarter of this year.
tags: GameLogic | Raise | Gamble | Internet-base |

Shuffle Master, Sona Mobile Develop Wireless Gambling Devices

Authored by Mark Hefflinger on February 8, 2006 - 4:04am.
Las Vegas - Shuffle Master, a provider of automatic card shufflers and other casino technologies, said on Wednesday that it has partnered with Sona Mobile to develop a line of wireless gambling devices. Shuffle Master said the Nevada Gaming Commission is expected to finalize rules and regulations governing wireless in-casino gambling in March. Shuffle Master and Sona Mobile will offer poker, sports book and table games on devices that enable in-casino Wi-Fi gaming as well as off-property wagering within areas where mobile gaming is permitted. The companies' products are expected to be available commercially in late 2006.
tags: Mobile | Wireless | Develop | Gamble | Sona | Shuffle |