Friday, April 20, 2012

Playsino Gets $1.5M For Casino Games

Los Angeles-based Playsino--which, until recently, was known as Titan Gaming--said Friday that it has raised $1.5M in a new funding round. The firm said the firm will go to support building the largest, social casino game publisher on both social networks and mobile platforms. The funding came from IDM Venture Capital, Pacific Capital Group, Siemer Ventures, and angel investors, including Jordan Simons, Wicks Walker, Tomorrow Ventures, Jim Armstrong, and Michael Huskins. As part of the funding, Playsino said it has named Brock Pierce as CEO. Pierce is well known in Southern California for making a fortune in marketing virtual goods in online games, including founding Internet Gaming Entertainment (IGE) and Zam, as well as his involvement with Xfire. More information »