On Monday, High 5 Games and Electrotank, Inc revealed that High 5 Games will acquire all of Electrotank’s intellectual property and assets. The two companies have worked together closely in recent history to move some of High 5’s landbased games into the Facebook sphere.
“This move will allow High 5 Games to strengthen and finalize our upcoming Game Server Platform, which will allow our content to be real-time streamed to both regulated real-money gaming sites, as well as to social casino sites throughout the world,” said Anthony Singer, CEO of High 5 Games in a press release. “We are overjoyed to bring in the many talented individuals from Electrotank into High 5 Games.”
Electrotank is a company known not only for its high-performance online game development (used by the likes of Disney, MTV Nickelodeon and Comedy Central), but also its server technology, which allows for robust real-time multiplayer gaming.
This acquisition, like the new partnership between Bally Technologies and iSoftBet we reported about a few hours ago, seem to be the start of a trend that has American software companies setting their sites on regulated real-money and social-based markets outside the United States. With state and federal online gambling regulation still in the fledgeling stages in the United States, it seems its prominent software providers want to secure their piece of the international profit pie to be better positioned for the US market when and if it comes online.
Microgaming, a leading online casino provider, has announced exciting content in January! The first part of the month is reserved for slots such as The Bandit and the Baron, King Carrot, Buffalo Ways, Bank Vault, and Dr. Wildshock Mad Loot Lab.
What Titles We Can Expect in the First Half
The Swedish-based provider, Lady Luck Games, will acquire UK-based studio, Revolver Gaming. After inking an exclusive letter of intent, both brands agreed on the purchase price of €750,000 and approximately 4 million newly issued shares of Lady Lucky Games. Revolver was founded in 2010 and has been developing mostly online slots, however, it also produced several online bingo games. Its most popular games are Reign of Gnomes, Good Fishes, Lotto Lucky, Robin Hood, and more.
Microgaming has agreed to sell its Quickfire distribution business and online games to young company, Games Global (GG). The deal, announced as a "historic sale," will enable GG to obtain the international distribution rights for exclusive Microgaming online slots and progressive jackpots. Following the sale, the provider says it will continue to supply several customers with its gaming platform while they will be looking ahead to the future and developing sports betting technology.