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Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."


GREY:IPRSF - Post by User

Post by lscfaon Feb 12, 2015 3:16pm
319 Views
Post# 23423497

Possible acquisition target?

Possible acquisition target?

Karma Gaming announces distribution agreement with OpenBet

HALIFAX, Feb. 12, 2015 /CNW/ - Karma Gaming International, a leading developer of online digital lottery games, has signed a distribution agreement with one of the world's leading providers of interactive gaming and betting solutions, OpenBet Ltd.

Karma is reinventing instant win games by merging the thrill of winning money with the fun of casual and mobile games. "We analyze millions of game sessions across play-for-fun gaming and real-money gambling markets including iOS, Facebook social gaming, and lottery instant win games," said Jay Aird, Chief Innovation Officer for Karma Gaming. "We look for emerging trends and points of crossover to create innovative new products. Our next-generation games have proven to outperform the traditional instant win games in our lottery markets while also capturing a much wider audience demographic."

Through the agreement with OpenBet, Karma will bring titles such as El Lootchador, Haunted Hotel and Secrets of the Pyramids to new markets. Haunted Hotel and Secrets of the Pyramids hold the distinction as being the first-ever episodic instant win games, featuring storylines played out over multiple chapters. Each level contains a hidden object puzzle and a crossword. Players must uncover hidden letters within the puzzle to solve the crossword to win real-money. Players can also uncover additional bonus mini-games as well as hidden clues to solve the mystery storyline, including hidden notes and artifacts.

Many of Karma's titles include unlockable mini-games and achievements for added player excitement. Karma's games can be played cross-platform - for online computer (Flash), mobile (native iOS and Android) as well as HTML5 mobile.

"We are thrilled to announce our relationship with OpenBet, which enables us to distribute our games to a global audience, especially European markets," said Paul LeBlanc, CEO of Karma Gaming. "We look forward to collaborating with OpenBet and utilizing their platform and extensive knowledge base, as we continue to create new and exciting content for gaming audiences."

Karma is based in Nova Scotia, Canada, and boasts a team with experience in both the real-money and social & mobile gaming universe, including veterans from Spielo. Karma raised a $5 million series A round in 2013, with backers including the former President of Electronic Arts and the former CTO of Groupon and co-founder of Inktomi.

About Karma Gaming

Karma Gaming International is the leader in next-generation lottery games. The company creates gaming experiences which can be played cross-platform, designed to appeal to the digital generation. The products merge the fun and skill of casual gaming with the chance to win real monetary rewards. For more information on Karma visit www.karmagaming.com or follow Karma on Twitter @KarmaGaming. Karma Gaming has a head office based in Halifax, Nova Scotia and a second location in Moncton, New Brunswick.

SOURCE Karma Gaming International

For further information: Paul LeBlanc, CEO and Co-Founder, Ph: 1 902 461 2909

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