GGB is committed to providing updated news and analysis on our weekly news site, Will Sell Social Gaming Business Will Sell Social Gaming Business Digital Entertainment Plc has announced it is close to selling its social gaming business and is in continuing merger talks with other parties. The Wall Street Journal reported that bwin will sell its business to newly launched RisingTideGames, co-founded by former Zynga Inc. executive Maytal Olsha. A stake in RisingTideGames would be the payoff, although RisingTideGames has yet to release any products and its valuation is simply speculation.

“We are in active discussions regarding the sale of, the group’s social gaming business and expect to make a further announcement shortly,” the Gibraltar-based company said in a statement. “The group is continuing its discussions with several parties regarding a variety of potential business combinations with a view to creating additional value for”

The company expanded into social gaming in May 2012 with a $50 million investment. Social games are similar to casino games such as blackjack and slot machines but are played on Facebook and mobile devices.

But losses on the social gaming business are expected to be about €7 million ($8.5 million) for the year, the company said in the statement. Bwin also anticipates a loss of €10 million on its online betting site in New Jersey.

Revenues for the year are projected to be in the range of €608 million to €612 million and its earnings before interest, taxes, depreciation and amortization margin to be 16 percent to 17 percent.

The amount won by the company, particularly in December, was exceptionally weak, Bwin said. Full-year results will be announced March 10.

    Recent Feature Articles

  • Your Friend, Everi

    The supplier’s quest to raise all tides and all boats.

  • Gambling on the Mediterranean

    There are more gaming options in the region than expected, but things are about to change with massive projects planned for Greece and the Emirates

  • Threat or Opportunity?

    Gaming in the metaverse will look different than today’s gaming, but will it add value to the existing gaming companies, attract more players and pass regulatory scrutiny?

  • A Force in Sports Betting

    The third annual Bet Bash was designed by founder Gadoon “Spanky” Kyrollos to make gamblers better at wagering on sports

  • Problem Gambling Treatments Gain Ground

    Problem gambling wasn’t classified as a psychiatric disorder until 1980, but treatments are evolving and becoming more effective