BUSINESS

Greek lottery tender reaches second phase; 32Red appoint new non executive director; King.com buys social developer

TAGs: 32Red, greece, Hellenic Republic Asset Development Fund, king.com

greece flag 2The bidding process for the right to offer Greece’s national lottery for the next 12 years has moved onto its second phase. Greece’s Hellenic Republic Asset Development Fund announced via its website the next phase involved the “submission of binding financial offers.” They’re hoping to complete the process ASAP in order to deliver more cash for the country’s ailing economy. Three groups remain in the process with a consortium comprising Sisal, Damvo Energy and Damlot; Austrian Lotteries; and a consortium made up of OPAP, Lottomatica, Intralot and Scientific Games.

Online casino business favorite 32Red has appointed a new non-executive director with immediate effect. David Bowen brings with him a wealth of gaming industry experience having worked at Ladbrokes for a number of years. Ed Ware, CEO at 32Red, added: “David Joins 32Red at an exciting stage of its development. His substantial experience and knowledge of the gaming sector will be of great value to the company going forward and we look forward to his involvement going forward.”

Swedish gaming industry firm King.com has bought developer Fabrication Games as they eye expansion on both iOS and Android. The latter’s 12 employees now come under the King.com brand. The company that was founded as a offshoot of Jadestone Mobile. No fee was made public with a number of sources, including PocketGamer.biz, reporting it’s in the “multiple millions of euros.” TechCrunch reports this is the precursor to the company embarking on an eventual Initial Public Offering (IPO). Chief executive Riccardo Zacconi is reputedly “hunting around the West Coast for a Silicon Valley-based board member and is changing internal financial reporting to meet generally accepted accounting principles.”

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