Wizard Gaming, a promising online casino software provider and is registered on the Isle of Man, has decided to hold an open auction for its assets and withdraw from the gambling industry.
This was carried upon since August 2009 when Wizard gaming lost its casino operator to Realtime Gaming. For over a year, the software developer has been unable to get another licensee thus eliminating its possibility of continuing as an independent software developer. Specifically these wizards failed when it came to money generation or incantations to convince online casinos to use their software. Which is believed to be the biggest downfall in the gaming world for the company.
Wizard Gaming specializes in providing rich and compelling experiences that are sure to attract and retain players for longer. They are focused to offer games that are of the same quality as those found in land-based casinos. They feature casino games that have many advantages over the competition, including higher impact graphics, animations and sounds. However, most players have never heard of Wizard Gaming.
After examining the marketplace and exploring other strategic options, the directors of Wizard Gaming announced to have a public and open auction for its assets with a starting bid of $300,000. The directors do believed that the gaming software they've spent for four years can be commercialized faster in the hands of a suitable new owner. So they are auctioning off the master copyright on all the content for their games as well as their back end support systems.
Here are the Wizard Gaming assets that are for sale.
1. IP rights, including the master copyright on all:
- Graphic and audio content for the games.
- The software's back end, including affiliate API, card processor and
eWallet integrations, and operator back end.
- The software's back end is a robust linux based back end and its web
interface which uses state of the art technology including Ajax.
- Portfolio of slot games in development which a buyer could complete.
- The player-facing web pages, such as the Cashier, Registration and
Gameplay History.
- The game art assets, including bonus rounds and payout tables.
- The client application, including dialogs, menus and lobby.
2. Wizardgaming.com, Wizardgaming.co.uk and SlotsCountry.co.uk domain names.
3. IBM hardware that Wizard Gaming have is worth at book cost C$87,500 in Curacao where they host the game servers. All hardware is sold as is, and where is. Curacao duties would be payable in Curacao if this hardware left the Cyberluck Ezone.
4. Single server that hosts the free version of SlotsCountry.co.uk.
Note: There are no outstanding licenses enabling any parties to use the Wizard Gaming software; no Wizard Gaming liabilities will be transferred to the buyer; all cash or securities of Wizard Gaming is excluded from the sale; all assets will be sent digitally or physically or released for pickup by the buyer in the case of the computer hardware above upon a wire transfer being received for the amount of the winning bid.
Wizard Gaming Auctioning Off its Assets
Tuesday, November 16, 2010
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