Playlogic Entertainment NV was a company active in mobile

gambling Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three ele ...

and

console Console may refer to: Computing and video games * System console, a physical device to operate a computer ** Virtual console, a user interface for multiple computer consoles on one device ** Command-line interface, a method of interacting with ...

publishing, established in 2002. Their gaming and gambling products are ''Fun Play'' and ''Real Play'', handled by Microgaming Ltd. The company operates their ''Real Play'' components under a Maltese gambling license. Their other products include video game software for

Sony , commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washi ...

Nintendo is a Japanese multinational video game company headquartered in Kyoto, Japan. It develops video games and video game consoles. Nintendo was founded in 1889 as by craftsman Fusajiro Yamauchi and originally produced handmade playing cards ...

and

Apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple trees are cultivated worldwide and are the most widely grown species in the genus '' Malus''. The tree originated in Central Asia, where its wild ancest ...

History

Formed in 2010, Playlogic Entertainment NV is a continuation of Playlogic International NV, which was established as a traditional console video game publisher. After

restructuring Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...

, the company continued with the same management team and employees. The restructured company completed the acquisition of mobile gaming and gambling company WannaGaming International BV in 2011. WannaGaming was founded 4 years prior to the acquisition. WGM Ltd. on Malta, using brand name WannaGaming, has a long-term partnership with market leader Microgaming Ltd. for all mobile gaming and gambling products,

banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

services and 24/7 international

help desk A help desk is a department or person that provides assistance and information usually for electronic or computer problems. In the mid-1990s, research by Iain Middleton of Robert Gordon University studied the value of an organization's help desks ...

services. The company operates under a Maltese gambling license. WGM Ltd. on Malta is a subsidiary of Playlogic Entertainment.

Restructuring

Playlogic Entertainment, Inc. was listed on the 'OTCBB' in New York, (ticker symbol: PLGC) as of June 2005 and completed all SEC required filings until Q1 2010. The stock is currently pink sheet and Playlogic Entertainment Inc. has been renamed to Donar Ventures. Playlogic International N.V. was a full subsidiary of Playlogic Entertainment, Inc. and was based in Amsterdam, the Netherlands. Playlogic published a variety of games developed internationally but also through their in-house production facility, Playlogic Game Factory BV. Playlogic represented a work force who were responsible for Distributing, Selling, Licensing, PR & Marketing, publishing and Product Development. In 2009, Fairytale Fights, which was developed in house by Playlogic Games Factory and published by Playlogic International NV, was released. PlaylogicGame Factory: Based in Breda (the Netherlands) was a game development studio with a team of circa 80 people developing a number of titles on several platforms.

Bankruptcy and restart

On July 27, 2010, rumours started to surface around Playlogic about a possible

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debto ...

, after a few years of struggling with major losses and new games failing to bring in new cash. The rumours were confirmed the following day by a filing at the US Securities and Exchange Commission. This filing revealed that the company had voluntarily entered into 'surseance van betaling', the Dutch equivalent of

Chapter 11 Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wheth ...

. On August 4, 2010, the court declared Playlogic as officially bankrupt. Later that year, Playlogic Entertainment NV relaunched with some of the original staff, taking a focus on publishing already made games on digital platforms and gambling related games. In December 2014, Playlogic went bankrupt again.

First-party development for Sony

Playlogic Game Factory also worked as a First Party contractor for Sony Computer Entertainment Europe (SCEE). This relationship continued for 4 years, in which Playlogic Game Factory developed 5 products that were published by Sony Computer Entertainment Europe. These games were Eyepet, Eyepet Move Edition, Pom Pom Party, Aqua Vita and Mesmerize I&II. These titles used either the

PlayStation 2 The PlayStation 2 (PS2) is a home video game console developed and marketed by Sony Computer Entertainment. It was first released in Japan on 4 March 2000, in North America on 26 October 2000, in Europe on 24 November 2000, and in Australia on ...

EyeToy camera or the

PlayStation 3 The PlayStation 3 (PS3) is a home video game console developed by Sony Interactive Entertainment, Sony Computer Entertainment. The successor to the PlayStation 2, it is part of the PlayStation brand of consoles. It was first released on Novemb ...

Eye Camera. The company's principal sources of revenue were derived from publishing operations. Playlogic owned most of the intellectual property they published.

References

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External links

Company and investor information at Yahoo Finance
Companies traded over-the-counter in the United States Video game development companies Video game publishers Video game companies established in 2002 Video game companies disestablished in 2010 Defunct video game companies of the Netherlands Companies based in Amsterdam Playlogic Entertainment games