Tag: California online gaming
California firm raises $1.7M for online gaming platform
February 5, 2014
Venture Beat – CashBet has raised $1.7 million in angel funding for a platform that enables developers to build real-money gambling into their social and mobile games. The company aims to run a business that will allow more companies to bridge the game between the multibillion-dollar markets of mobile games and online gambling. The Oakland, Calif.-based company received the money from FWH Holdings and private investors, and it will use it to develop its online gambling platform. CashBet can do this because the Alderney Gambling Control Commission in the British Channel Islands awarded online gambling licenses to CashBet, allowing it to register…