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Scooped by Carl Zide onto Poker & eGaming News |
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William Hill came a step closer to buying out its online joint venture partner Playtech after formally triggering a valuation process for William Hill Online. The move is part of its right to exercise a call option over Playtech’s 29% stake in the business.
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Japan’s Consumer Affairs Agency has threatened to heighten its scrutiny of social gambling games over concerns they violate the country’s laws.
According to Bloomberg the games in question, known as ‘complete gacha’, allow players to win virtual items for an outlay of around 300 Yen (£2.33) at a time, with prizes on offer for those who obtain a certain combination of items.
Following the news, Japanese social gaming company Gree saw its shares fall by a record 23% yesterday. Gree’s net income would drop by as much as 18% if such a ban came into force.
Other companies to see share prices drop include video games developers Konami and Capcom, which also have social arms. Konami and Capcom would drop 10% in revenues if ‘complete gacha’ is banned. Delete the scoop?
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