GOOD NEWS FOR INDEPENDENT DEVELOPERS
19th December, 2013 at 10:10:55
GamCrowd to launch first gambling-focused crowd-funding website
Independent app and game developers, and perhaps aspirant operators too, are set to get a new opportunity to secure funding through GamCrowd, a crowd-funding website that is almost ready for launch and will help up-and-coming online and mobile gambling entrepreneurs to get started.
The venture has several big-bucks investors behind it already and will help to bring together people with money and those with ideas and capability in an environment where traditional lending resources like banks are harder to access and secure.
Founder Chris North founded the Fox Poker Club in 2010, an enterprise that he sold to the Genting
group two years later and which has since been shuttered by the Malaysian company.
North says he was motivated on GamCrowd by his own experiences in raising cash:
The last start up I did struggled to register any interest from venture capital firms and so I went back to my own crowd, North recalls. I didn't know it was called crowdfunding at the time, but that is exactly what we did and it was a spectacular success.
North plans to get GamCrowd off the ground early in the New Year.
Once we have a sufficient base of investors, start-ups and a crowd, we will begin putting people in touch with each other internationally and allow investments to happen, he said Thursday.
The operation will be registered with the UK's Financial Conduct Authority.
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