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Jason Fung, former gaming head at TikTok, launches new venture for connecting metaverses

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Jason Fung, former gaming head at TikTok, launches new venture for connecting metaverses

 

Meta0, an interoperability protocol for connecting metaverses, has announced the completion of its litepaper and the appointment of Jason Fung as Chief Executive Officer. Prior to joining and founding Meta0, Jason held executive positions at various technology companies, and most recently as the global head of TikTok’s gaming vertical.

“I’ve spent my career building ecosystems around gaming technology and content,” said Jason, “Over the past year, I’ve had numerous inspiring discussions about blockchain and Web3 with leaders in the gaming industry, and I’m more convinced than ever that this paradigm shift will inevitably lead to innovations in the way games are developed and played. Being on the forefront of blockchain gaming is where I want to spend the next 10 years, building robust solutions that will ultimately enhance player experiences across gaming metaverses.”

As CEO, Jason Fung will be responsible for growing Meta0’s partner ecosystem, which includes game developers, channel partners, and L1/L2 blockchains. He will also lead Meta0’s overall strategy, marketing, fundraising, and day-to-day-operations.

Jason brings a wealth of experience from both the start-up and Web2 world. He spent his early career with technology startups in the gaming space, building companies in online video, livestreaming, and fantasy esports. Later on, he led esports for Electronic Arts and Alibaba Group before joining TikTok, where he founded its global gaming team and grew gaming to be one of the largest content verticals on the platform.

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Caesars Entertainment Closes Sale of the LINQ Promenade

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Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.

Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.

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The Stampede Continues with Aristocrat Interactive’s Buffalo Gold Max Power

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Aristocrat Interactive, Aristocrat’s online Real Money Gaming (RMG) division, announced that the stampede continues with the launch of Buffalo Gold Max Power in the US. This marks the fifth online game in the award-winning and iconic Buffalo portfolio, following the success of Buffalo, Buffalo Gold Collection, Buffalo Chief, and Buffalo Gold Revolution.

Buffalo Gold Max Power builds on the legacy and popularity of Buffalo Gold, a fan-favorite in land-based casinos. This online adaptation is born to entertain with new features powered by Aristocrat’s proprietary Max Power mechanic, offering players up to 46,656 ways to win free spins and collect Gold Buffalos. With dynamic reels that vary from 2 to 6 symbols on every spin and a redefined feature, Buffalo Gold Max Power is ready to create a stampede of excitement.

“For more than a decade, our iconic Buffalo games have captivated players as some of the most iconic slot games in land-based casinos. With Buffalo Gold Max Power, we’re bringing this timeless favorite online with enhanced gameplay and features that players will love. The launch in New Jersey is an exciting milestone as we continue to deliver innovative and memorable gaming experiences globally,” said Josh Morris, SVP Content at Aristocrat Interactive Content & Aggregation.

Earlier this year, Buffalo was awarded the winner of the Top Performing Omni-Channel Slot at the EKG Awards. The launch of Buffalo Gold Max Power is the latest step in Aristocrat Interactive’s strategy to expand Aristocrat’s industry-leading content portfolio into the online space. The game is currently available with online operators in New Jersey, Ontario, Canada and the UK, with more markets to follow overtime.

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Compliance Updates

JCM Global Receives Approval to Operate in West Virginia

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JCM Global announced that it has successfully passed regulatory review and received a manufacturer’s license from the West Virginia Lottery Commission. The license enables JCM to directly sell to and service customers in the state.

“At JCM, we are committed to our customers. While attaining licensing was not required, we pursued it because it allows us to directly provide JCM’s leading technology and advanced systems, backed by our world-class service, and support, resulting in faster service times and simplifying the entire relationship between JCM and our customers,” said JCM SVP – Sales, Marketing & Operations Dave Kubajak in a statement.

JCM recently announced it has attained licenses in Colorado and New Mexico, bringing the company’s total number of active gaming licenses to 177.

In West Virginia, JCM will provide technology, including the iVIZION bill validator; ICB Intelligent Cash Box System, which boosts security and efficiencies across the gaming floor; and the GEN5 thermal printer, which delivers TITO, personalized promotions, and rewards directly to the player.

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