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Wizard Gaming on the Block

By: Shirley Spicer, Wednesday November 3rd 2010
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The Isle of Man registered online gaming software provider, Wizard Gaming has announced that it is auctioning off its assets. This was inevitable since August 2009 when Wizard Gaming lost its last casino operator to Realtime Gaming. For over a year Wizard Gaming has been unable to get another licensee thus eliminating its possibility of continuing as an independent software developer. The company directors have also explored other strategic options before deciding to hold a public and open auction for its assets with a starting bid of $300,000. The directors are of the opinion that the Wizard Gaming software can be commercialized faster in the hands of a suitable new owner. There is no doubt that the assets of Wizard Gaming are going cheap. The software had taken over four years to develop and has a development cost of over $5 million in its books of accounts.

Wizard Gaming has provided a detailed list of assets that are being put on the block. They include first and foremost the IP rights, including the master copyright on all the components of the software. The software components are graphic and audio content for the games, the software's back end, including affiliate API, card processor and eWallet integrations, and the operator back end. eWallet integrations include Neteller, eWalletXpress, EcoCard, UseMyWallet, Moneybookers and Click2Pay. The software's backend is a robust Linux based backend and its web interface, which uses state of the art technology including Ajax. The software is in its latest upgrade Version 7.0. In addition to the live games there is a portfolio of slot games in development which a buyer could complete. The package also includes work on the next upgrade, which is about 50% complete.

Also included in the assets for sale are the domain names, and After Wizard Gaming lost all its licensees it started a play for free demonstration online casino called Slots Country that showcased all its games. The single server that hosts Slots Country will also be sold. The entire IBM hardware is located in Curacao is on sale on an as is where is basis. The liabilities of Wizard Gaming and its cash and securities are excluded from the sale. The bid is to be made online from the Wizard Gaming web site. The last date for making bids is November 29, 2010.

Wizard Gaming's first casino operator was Gold Rock Casino, which launched in 2008. This was followed by the launch of All Star Slots later that year. Gold Rock Casino was the first to leave, having switched to Rival Gaming. Then in August 2009, All Star Slots shifted to Realtime Gaming. Wizard Gaming has excellent software and it would be a pity if it fails to find a buyer.

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