SOURCE: Crowdpark GmbH

Crowdpark GmbH

February 28, 2012 11:00 ET

Crowdpark Announces New Games "Pet Vegas" & "AnteUp" -- Strengthens Position in Social Betting Games

Company Makes Foray Into Rapidly-Growing Casino Category

BERLIN and SAN FRANCISCO, CA--(Marketwire - Feb 28, 2012) - Crowdpark, the leader in social betting games, today announced the launch of two new games in the social betting and casino categories. "Pet Vegas," a slot machine game, represents the first step in Crowdpark's social casino franchise on Facebook and soon on other platforms. Crowdpark is also launching today a peer-to-peer betting game, "AnteUp," an easy and fun way to bet with your friends on any topic or event. Last, the company is working on its next highly anticipated social betting game focused on soccer, the world's most popular sport. To visually illustrate this news, please see the Crowdpark Social Gaming and Online Gambling infographic.

Crowdpark brings legal betting to the world of social gaming and offers several betting and casino products for multiple social platforms including Facebook, the Web and mobile applications (including iOS and Android). Its betting model allows users to compete against each other in betting events, using virtual currency. Crowdpark's patent-pending dynamic betting technology generates live, real-time experiences allowing players to place a bet -- at any time -- similar to the stock market.

Casino Games Genre Reflects Significant Market Opportunity
"Developing a casino game is a natural move for Crowdpark as it leverages our expertise in social betting," said Ingo Hinterding, co-founder and chief product officer for Crowdpark. "The online gaming community requires a more complex reward system than simply maximizing their winnings, so we have found that employing progress levels and status boards keeps them engaged."

Tim Merel, managing director of games focused investment bank Digi-Capital, said, "With the acceleration of investment and M&A in social games in 2011, the crossover between social games and what people normally think of as gambling is a fascinating trend. The recent IGT/Double Down Interactive acquisition is an indication of what can happen when the two markets come together. For Crowdpark, we are interested to see how they build the business from what they have already achieved."

The Crowdpark Social & Casino Games Line-up
Pet Vegas
-- Pet Vegas combines the cutest pets with the best of the casino halls set in Las Vegas and brings players to a game genre they know and love, with a social twist. More than just a slot machine, Pet Vegas features themed slots such as "Furry Fortune," "Mystical Garden" and "Cleopetra." Crowdpark's casino suite featuring Pet Vegas will soon launch on Facebook. Follow the game on Twitter @PetVegas.

AnteUp -- With its Web-based app AnteUp, Crowdpark brings betting into a truly social environment. The drive to place a bet is central to human nature. Crowdpark instantiates that betting drive in the mechanics of AnteUp.

Designed in a simple fashion, AnteUp allows players to bet on any subject, anytime, anywhere, and with anyone in their Facebook and Twitter networks. The game will also be available soon for mobile devices. Players make simple bets like 'I bet you a beer that the Red Sox will win the World Series.' AnteUp lets you bet with your friends, take sides and show the world your victories. Crowdpark's peer-to-peer betting makes it easy to bet on-the-go and is the perfect platform to engage in light-hearted, friendly competition and collect winnings. Follow the game on Twitter @GoAnteUp.

Crowdpark's next social betting game will be set on the soccer field and launch soon on Facebook. For fanatical fans of the world's most popular game, Crowdpark's new social soccer betting game will incorporate the best of the sport's social elements, offering live bets, and weekly predictions, mixed with trivia questions.

About Crowdpark
Crowdpark is pioneering social betting games -- bringing the thrill of legal betting to the world of social gaming. Crowdpark offers several betting and casino gaming products for multiple platforms including the Web, mobile, and social networks. Its product portfolio includes Bet Tycoon, Pet Vegas, and AnteUp. Crowdpark games allow players to make bets with virtual currency, engage with friends and gather achievements in story-rich environments. Crowdpark's patent-pending dynamic betting technology is what generates live, real-time experiences allowing players to leave a bet -- at any time -- similar to the stock market. Headquartered in Berlin, Germany, Europe's gaming hub, Crowdpark is backed by Earlybird Venture Capital and Target Partners and has an office in San Francisco, California, USA.

Crowdpark is a registered trademark of Crowdpark GmbH. All other companies and products mentioned are trademarks and property of their respective owners.

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