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Web-based Casino Games Firm GameLogic Raises $3 Million

Authored by Mark Hefflinger on December 17, 2008 - 8:45am.

Waltham, Mass. - GameLogic, a developer of casino games based on online games, has raised $3 million of debt financing from Velocity Financial Group.

tags: Games | Deals | VC | Gambling | GameLogic | Velocity Financial Group |

Web-based Gambling Developer GameLogic Raises $3 Million

Authored by dmw on May 18, 2006 - 12:24pm.
Palo Alto, Calif. - GameLogic, a developer of online gaming technologies for casino and lottery operators, announced on Thursday that it has received $3 million in debt financing from Hercules Technology Growth Capital. Founded in 2002, Massachusetts-based GameLogic develops virtual-play gaming entertainment platforms that let players gamble away from the casino, and marketing software that maintains relations between visits. The company says that its Web-based gaming applications are specifically designed to adhere to all U.S. federal and state regulations.
tags: Games | Deals | Law | Gambling | Debt Deals | GameLogic | Games Tech |

GameLogic, Navic Team on Interactive TV Gambling

Authored by dmw on April 10, 2006 - 5:57am.
Waltham, Mass. - GameLogic, a developer of gaming platforms for lotteries and casinos, and Navic Networks, a developer of interactive television technology, announced on Monday that they will jointly develop and distribute a "regulatory-compliant interactive television casino and lottery-themed consumer portal." The service will feature on-demand video programming, interactive polls and voting, event listings, specials, classified promotions and coupons, reservation bookings and home-shopping merchandise sales, as well as regulatory-compliant interactive games.
tags: Games | Deals | Video Deals | Gambling | iTV | GameLogic | Navic |

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 |