Aussie Start-up Punts A Virtual Gambling Game

AUSSIE START-UP PUNTS A VIRTUAL GAMBLING GAME

07th February, 2013 at 03:03:08
Source: http://www.azonlinecasinos.com

Virtual Gaming World looking for financial support

Chumba World is the unusual title chosen for a new online and mobile social game based on gambling and developed by Australian start-up Virtual Gaming World, which hopes to generate enough interest to garner financial support for the massively multi-player, freeplay offering.

VGW chief executive and and founder Laurence Escalante told the publication VentureBeat that Chumba World is a social casino through which players can build their own digital Bellagios, customise their avatars, and create their own individual digital variations of slot machines and table games, including Blackjack, Roulette, and Video Poker.

There are currently eight games available, and more are in development, including Poker, Bingo, Keno, and Baccarat.

Users can host other players and share their creations, or embed them into their own websites and blogs, potentially earning real cash through a traffic-based revenue share with the Chumba platform.

Escalante says that as with all social casino games, users are able to purchase currency to play, although winnings can't be cashed out. But as players generate more traffic spending virtual currency at their casinos, Chumba can calculate the currency flowing through their casinos and pay them a small revenue share as real or virtual money.

Escalente says he has raised some capital from Australian private investors, but needs more resources to realise the full potential of his concept, which should be ready for launch within the next six months.

Related News Tags:



« News index »



GROWING ROW IN AUSTRALIA OVER FEDERAL GOVERNMENT PLANS TO BAN GAMBLING ADVERTS

16th March, 2017 at 08:13:32
Federal government is reportedly mulling a ban on gambling adverts during live sports broadcasts which could cost media companies A$120 million or more in lost revenue.

WILL HILL HAS BIG PLANS FOR AUSTRALIA

06th March, 2017 at 06:25:03
Undeterred by a largely hostile government attitude to online gambling, UK bookie plans to increase its penetration and market share.

ONLINE GAMBLING ENTREPRENEUR JOINS FORCES WITH BITCOIN CREATOR

02nd March, 2017 at 16:50:53
Calvin Ayre and Craig Wright (aka Satoshi Nakamoto) go after patent protection.

CHINESE CLAMPDOWN ON HIGH ROLLERS IMPACTS AUSSIE LAND OPERATORS

16th February, 2017 at 06:54:37
17 Crown employees remain incarcerated in China months after being arrested.

FORMER UKGC COMMISH WEIGHS IN ON AUSSIE REGULATION

02nd February, 2017 at 09:41:45
Meets Australian lawmakers to share experience regarding proposed amendments to the Interactive gambling act.