The 2013 award winning gaming operator – Picklive, has made a statement saying it will attempt to gain $8 million by signing a deal to list itself on the Alternative Investment Market. Picklive is estimated to be worth $16 million.
Picklive is the number one ranked company in the Fantasy Sports family, which excels in the development of real-time gratification games, a gamification method which has gained popularity over the past few years. The company represents a real money gaming genre, which is currently accumulating fans and is expected to become a major choice for operators and players from US, Europe, Asia and Africa.
Back when Fantasy Sports was still building its reputation as a trust-worthy and efficient company, games were decided during the period of a whole season. When they launched Picklive, they tried to change that by focusing on one match at a time. Picklive currently specializes in baseball and football matches. With the new maneuver to present itself on the AIM market, Picklive aims to raise enough funds to expand towards new sports such as ice hockey and cricket.
The Chief Executive Officer of Picklive explained that investors from AIM will gain a competitive edge in the United Kingdom market, if they choose to finance the company.
As to the United States market, he stated that the partnership with Sportech has already been showing positive results with their launch of new football- and baseball-themed games. David Galan is confident that the deal will bring Picklive to the next level of financial growth and product development, introducing it to the global market with a reputation of high quality platform for top-notch game software development and services.
According to Galan, Fantasy Sports will have no trouble to maintain growth in the United Kingdom due to the local tolerant gaming legislation, at least when compared to some other markets. Picklive’s products include a full palette of buy-in game choices, choice of multiple opponents, different real-money games. It has an introductory video on its website, which explains the connection between the various types of sports, video and table games.
The Dynamics of Picklive Games
If, for example, Chelsea and Manchester United play a match, punters will have to choose five main players and two reserves. If a punter guesses a correct player combination, his/her score is shown on a leader-board on the Picklive website.
Picklive games resemble video games with sport themes – there is a point system which awards positive points for goals, assists and shoots towards a football gate and negative points are taken for missed shots or penalties.
The introduction video of Picklive states that both conventional and Fantasy Football take too much time and are not interactive and intriguing enough to keep the players’ attention. The company prefers games which are exciting and the tides of the game can change at any given time.
Picklive’s games are supported by Opta, a sports data agency owned by the sports media servicing company PERFORM.
