ARISTOCRAT BUYS BIG FISH FOR $990 MILLION

Approach Sponsor Media Partner Got a gossip tip?

Cash in 5102

The Sydney Morning Herald

Air Credit: Big Fish Games. Krejcik alleged that the acquisition has some risks, like the difficulty of merging two large-scale social gaming companies. And someday, the social casino game players can graduate to gambling games. The accusation says the model had become above all attractive to developers of games of chance such as poker and drop in machines. Gummy Drop! Aristocrat Leisure has upped its bet on the crashing social gaming market. It was the second deal in a relatively abrupt time for Big Fish.

Cash in Out 16362

Lady, which has 5, employees and started making gambling machines inhas been assembly big moves. Company statement The brand action is being led by Seattle-based legal firm Tousley Brain Stephens, which has previously led similar lawsuits adjacent to providers of "free-to-play" online games. All the rage its judgement, the US Court of Appeals for the Ninth Circuit alleged Big Fish's games used virtual chips, which did not have monetary amount and could not be exchanged designed for cash. The ASX-listed Aristocrat is Australia's largest manufacturer of poker machines, although in recent years has expanded addicted to the burgeoning online social gaming activity. Analyst Rohan Sundram, of investment array Citi said the decision was "hard to fathom", given Big Fish was a free-to-play service. He said Citi believed the issue was largely Washington-specific and the case had a able chance of being overturned on allure. The deal is expected to accurate in the first quarter ofpending authoritarian approval.

Australia's Aristocrat Leisure nets gaming company Big Fish for $990 million

Above: Big Fish Games has a additional owner in Aristocrat. The Big Angle Games acquisition doubled the size of Aristocrat's fast-growing digital arm, which at once accounts for 38 per cent of its revenue. Churchill Downs chief administrative Bill Carstanjen told investors last week that the company believed social disco games "do not run afoul of Washington state law". The ASX-listed Lady is Australia's largest manufacturer of poker machines, but in recent years has expanded into the burgeoning online collective gaming industry. Rivals also include Controlled Games and Huuuge Games. Digital betting is growing, but younger gamers are drawn to different kinds of games. Company statement The class action is being led by Seattle-based legal business Tousley Brain Stephens, which has before led similar lawsuits against providers of "free-to-play" online games.

Cash in 46194

4 - 5 - 6 - 7 - 8 - 9 - 10 - 11 - 12 - 13 - 14

Leave a Reply

Your email address will not be published.*