{"id":8515,"date":"2012-04-26T16:30:34","date_gmt":"2012-04-26T16:30:34","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=8515"},"modified":"2012-04-26T16:30:34","modified_gmt":"2012-04-26T16:30:34","slug":"playsino-score-1-5m-for-social-casino","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/playsino-score-1-5m-for-social-casino\/","title":{"rendered":"Playsino score \u00a31.5m for social casino"},"content":{"rendered":"<p><a href=\"https:\/\/gaming-awards.com\/NEWS\/archives\/8515\/playsino-score\" rel=\"attachment wp-att-8516\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-8516\" title=\"Playsino score\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2012\/04\/Playsino-score.png\" alt=\"\" width=\"288\" height=\"154\" \/><\/a>\u00a0Playsino, has recently announced that it has closed on $1.5 million of new funding. Playsino is focused on building the largest social casino game publisher on social networks and mobile platforms.<br \/>\nThe company has closed on $1.5 million as part of what is expected to be much larger financing to support the company\u2019s ambitious goals.<\/p>\n<p>\u00a0Investors in the round included: IDM Venture Capital, a Singapore-based venture capital firm investing in early to mid-stage interactive digital media companies; Pacific Capital Group, a Los-Angeles based private investment firm, which is led by Gary Winnick, founder, Chairman and CEO; Siemer Ventures, a Santa Monica venture capital firm; and several prolific angel investors, such as Jordan Simons, Managing Partner and Co-Founder of GCP, a merchant bank whose principals have closed over 200 investments and transactions valued at over $15 billion; and Wicks Walker of W4 Ventures. Existing investors Tomorrow Ventures, Jim Armstrong and Michael Huskins also participated.<br \/>\n\u201cPlaysino\u2019s global potential is a key focus for our firm. Virtual currency can play anywhere, and Playsino\u2019s unmatched familiarity with it best positions them to become the world\u2019s largest social casino game company,\u201d said Denis Gamobramov, Managing Partner of IDM Venture Capital. The financing will accelerate the new Playsino product offerings led by Brock Pierce, new CEO of Playsino and a Managing Director of the Clearstone Global Gaming Fund. Pierce has founded eight companies, acquired more than 30 others, and closed a dozen corporate finance transactions, securing more than $200 million on behalf of his companies.<br \/>\n\u201cBrock is dynamic, the type of young entrepreneur we like to back and the vision he shares of social gaming integrating elements of casino games is undoubtedly going to become a substantial industry,\u201d said Andrew S. Kane, Managing Director and COO of Pacific Capital Group. In 2001, Pierce, who is often referred to as the \u201cGodfather of Virtual Goods,\u201d founded Internet Gaming Entertainment (IGE), which pioneered the market for virtual goods in online games and was sold in 2007. In 2003, Pierce founded Zam, which was sold in January 2012. In 2004, Pierce has rolled up the exchange of virtual goods through marketplaces using IMI Exchange, which today owns the world\u2019s leading marketplaces for the trading of virtual goods with systemwide annual revenues exceeding $500 million. In 2010, he also led Xfire\u2019s spin out from Viacom.<\/p>\n<blockquote><p>\n\u201cSocial casino gaming combines the virality and addictiveness of a game like Farmville with the monetization capabilities of mid- to hard-core gaming,\u201d said Pierce. \u201cI believe this sector will have many winners with some creating value in the billions. I aim to keep Playsino at the forefront of the race by ramping internal development, publishing relevant third party content as well as acquiring the best independent players in the space.\u201d<\/p><\/blockquote>\n<p>In addition to Pierce, Playsino is also bringing along key gaming veterans needed for the ambitious effort to build the world\u2019s largest social casino games company.<\/p>\n<p>Playsino enters a potentially drastic inflection point for social gaming, with emerging social casino games as the catalyst for that movement. Half of all the people on the Internet \u2014 510 million \u2014 play some sort of social game, a 71 percent increase since 2010. Recent reports also estimate online gambling will be worth $30 billion globally in 2013, with the United States accounting for $4.5 billion of that figure.<br \/>\n\u201cWe believe the next evolution of social gaming will involve merging it with what has been the longtime appeal of wagering,\u201d said David Siemer, Managing Director of Siemer Ventures. \u201cPlaysino\u2019s gaming platform is well-positioned to capitalize on this next phase.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Playsino, has recently announced that it has closed on $1.5 million of new funding. Playsino is focused on building the largest social casino game publisher on social networks and mobile platforms.<br \/>\nThe company has closed on $1.5 million as part of what is expected to be much larger financing to support the company\u2019s ambitious goals.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[43,17,23,19],"class_list":["post-8515","post","type-post","status-publish","format-standard","hentry","category-igaming","tag-casino","tag-gambling","tag-gaming-2","tag-online"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Playsino score \u00a31.5m for social casino  - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/playsino-score-1-5m-for-social-casino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Playsino score \u00a31.5m for social casino  - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Playsino, has recently announced that it has closed on $1.5 million of new funding. Playsino is focused on building the largest social casino game publisher on social networks and mobile platforms. The company has closed on $1.5 million as part of what is expected to be much larger financing to support the company\u2019s ambitious goals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/playsino-score-1-5m-for-social-casino\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-26T16:30:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2012\/04\/Playsino-score.png\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/playsino-score-1-5m-for-social-casino\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/playsino-score-1-5m-for-social-casino\\\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/38b848f26341d94a3f6b1f5d9642234c\"},\"headline\":\"Playsino score \u00a31.5m for social casino\",\"datePublished\":\"2012-04-26T16:30:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/playsino-score-1-5m-for-social-casino\\\/\"},\"wordCount\":584,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/playsino-score-1-5m-for-social-casino\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2012\\\/04\\\/Playsino-score.png\",\"keywords\":[\"casino\",\"gambling\",\"gaming\",\"online\"],\"articleSection\":[\"iGaming\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/playsino-score-1-5m-for-social-casino\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/playsino-score-1-5m-for-social-casino\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/playsino-score-1-5m-for-social-casino\\\/\",\"name\":\"Playsino score \u00a31.5m for social casino - 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