Saturday, December 29, 2012

Bischoff Hervey invests in MX Gaming - 28th December 2012

Bischoff Hervey invests in MX Gaming; BHE Sets Sights on New Media & $80 Billion/Year Sector...

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American television production firm Bischoff Hervey Entertainment Television has acquired a 50 percent stake in independent online games developer MX Gaming.

Established in 2008, Los Angeles-based MX Digital develops interactive casino and betting games distributed to partners in over 20 nations. Its management team includes interactive industry veterans Ike McFadden and Matias Montero in addition to Ted Lanes, who has 25 years of experience in the technology and consumer products sector.

“We’re incredibly excited about our partnership with MX Gaming,” said Eric Bischoff from Bischoff Hervey Entertainment Television.

“We’re expanding into an entirely new sector of entertainment and content. Combining the skill sets of Bischoff Hervey Entertainment Television with those at MX Gaming puts us at a unique advantage in this explosive business sector.”

Bischoff established Bischoff Hervey Entertainment Television in 2003 with Jason Hervey and the enterprise has since become a leading producer of reality programming for Discovery Channel, CMT, NBC, VH-1, TruTV, Spike TV and The CW Television Network. The company recently broke new ground by moving into the scripted comedy genre with the first season of See Dad Run, which airs on Nick At Nite starring Scott Baio. “With MX Gaming we’re excited to find ourselves at the forefront of an entirely new entertainment sector,” said Hervey.

“Combine the enormous growth in online gaming globally and the explosion in popularity of mobile and social games and you’ve got an emerging sector that’s already massive. Getting in on the ground floor of an entirely new medium is a once-in-a-lifetime opportunity.”

Bischoff Hervey Entertainment Television cited a recent Morgan-Stanley report that found social network casino-style games may be worth as much as $7 billion by 2015 and stated that the interactive market is ‘an increasingly important revenue channel for networks and studios’.

“The partnership is the perfect strategic fit for us,” said McFadden.

“The relationships and experience Bischoff Hervey Entertainment Television has built in the entertainment and licensing world allows us to significantly broaden our content and access top entertainment brands quickly.”


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Thursday, December 27, 2012

WWE officials continue to negotiate with investment company for the WWE Network

WWE officials continue to negotiate with investment company for the WWE Network ...

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WWE is currently in negotiations with at least one investment company about partnering up for the WWE Network. The story is is that people will be amazed when they find out the current programming vision, which has reportedly changed greatly.

WWE rarely takes on partners in their business ventures because Vince McMahon doesn't like answering to other people and has a joke about how they don't play well with others.

In the negotiations, WWE is pitching that the Network would have extremely low programming costs compared to other networks since the majority of the programming would be their old wrestling tape library that they own and don't have to buy any licensing fees for.

You can believe that other sports entertainment companies are watching developments closely, as well as the potential deal getting the attention of the television and programming world as a whole.


WWE top dog Vince McMahon prepared for Connecticut violence backlash...



There was concern at this week's TV tapings that the tragedy in Newtown, Connecticut may affect the product in some way because of an anti-violence media backlash, particularly when it comes to shows that draw kids. Vince McMahon told people that he expects to be targeted for the effect wrestling has on children, and that they will fight back with charity work and pushing the idea that WWE is family entertainment.


WWE issues press release re THQ filing for bankruptcy...

WWE issued the following press release regarding THQ filing for bankruptcy:

"WWE (NYSE:WWE) is listed in THQ, Inc.'s recent bankruptcy filing as an unsecured creditor holding a claim of approximately $45 million reflecting the entirety of the existing multi-year agreement. Any impairment of a current THQ account receivable would be immaterial to WWE's financial statements. Even if the impact of THQ's bankruptcy were detrimental to WWE, the Company does not believe that the ultimate economic impact for financial statement purposes would materially and adversely affect the results of operations or financial position of WWE in light of the strength of the WWE brand and the historical performance of WWE's video game business."


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Monday, December 24, 2012

Australian market to rise - 24th December 2012

Australian market to rise - 24th December 2012



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The Australian share market looks set for a positive start today despite falls on Wall Street on Friday as the US economy edges toward the so-called fiscal cliff.

The ASX looks set for a positive start today despite falls on Wall Street on Friday as the the so-called fiscal cliff approaches.

At 7am this morning (AEDT) the March share price index futures contract was up 25 points at 4,617.

Trading volumes are set to be light on Christmas Eve, and the market will close early at 2.30pm this afternoon (AEDT).

Shares closed lower on Friday, with the benchmark SP/ASX200 index dropping 10.5 points, or 0.23 per cent, to 4,623.6, and the broader All Ordinaries index dropped 11.4 points, or 0.25 per cent, to 4,635.2.

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Bwin.party digital entertainment deal with casino in Belgium...


Bwin.party put a plug on any possible criminal charges in Belgium against its chief executive by doing a deal with a licensed land-based casino operator that permits it to continue taking bets from Belgian citizens.

Norbert Teufelberger was last month quizzed by Belgian police in Brussels after attending an online gambling conference. He had until Monday to answer further questions about the company’s operations in Belgium.

Bwin.party has been on a blacklist of gambling operators taking bets in Belgium without a licence. Online gambling licences are only available to operators holding an offline gambling licence.

The company has now in effect achieved this by doing a deal with Belcasinos, a subsidiary of the land-based casino operator Groupe Partouche.

In a statement, Bwin.party advised Belcasinos was one of only four land-based casino operators eligible for an online gambling licence. Commercial terms of business were not disclosed.

Bwin.party advised that it had received approval for its alliance from the Belgian Gambling Commission and that the commission would be removing the group from its blacklist.

“The group and the commission have also agreed to drop all pending legal disputes and the group has begun to adapt its systems in order to comply fully with the prevailing licensing regime,” Bwin.party said.

The detention of Mr Teufelberger prompted Bwin.party and other online gambling companies to accuse the Belgian authorities of intimidation, and to appeal to the European Commission to insist that Belgium comply with EU laws on market competition.

Mr Teufelberger and co-chief executive Jim Ryan said: “Following recent developments in Belgium and after further dialogue with the local regulator, we have put our differences of opinion behind us and are now focused on the immediate commercial opportunity.

“Together with our new partner we are now in the process of securing the necessary approvals to meet the requirements set by the BGC and do not expect any interruption to our service for customers in Belgium.”

Gambling operators are under massive pressure in the European region – faced with regulators determined either to impose stiff tax burdens on online gambling, or restrictions on the companies that can apply for licences.

New stringent gambling regimes in Germany and Greece have prompted Betfair to pull out of those markets. Betfair this week said the “challenging” climate in Europe meant it would focus solely on regulated markets.

William Hill has also pulled out of Greece, where regulators have threatened penalties or criminal sanction on operators without licences.

In the meantime, bwin.party Digital Entertainment and a swag of other gambling companies continue to look for new opportunities and markets, with countries such as Canada, Australia and New Zealand all understood to be regions of great interest.

Bwin.Party operate popular gambling websites such as PartyCasino.com and PartyPoker.com


Stay turned to Media Man, Casino News Media and Global Gaming Directory for developments.


Media Man 'Online Casino Of The Month'...

Media Man's top online casino choice: PartyCasino.com PartyCasino is a multi-time Media Man 'Online Casino Of The Month' winner and have also won awards from EGR. Earlier this year PartyGaming merged with Bwin to create the worlds leading igaming company, Bwin.Party Digital Entertainment.



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