Playlogic Entertainment was a company active in mobile
gambling
Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (ga ...
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, founded in 2002 by Rogier Smit.
History
Playlogic Entertainment, Inc. was listed on the '
OTCBB
The OTC (Over-The-Counter) Bulletin Board or OTCBB was a United States quotation medium operated by the Financial Industry Regulatory Authority (FINRA) for its subscribing members. FINRA closed the OTCBB on November 8, 2021.
The board was used fo ...
' in New York, (ticker symbol: PLGC) in June 2005 and completed all SEC required filings until Q1 2010. The company renamed their listing and stock from Playlogic Entertainment Inc. to Donar Ventures in April 2011.
Playlogic International N.V. was a full subsidiary of Playlogic Entertainment, Inc. based in
Amsterdam
Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Re ...
. Playlogic published games developed internationally as well as in-house through Playlogic Game Factory BV, a studio based in
Breda
Breda ( , , , ) is a List of cities in the Netherlands by province, city and List of municipalities of the Netherlands, municipality in the southern part of the Netherlands, located in the Provinces of the Netherlands, province of North Brabant. ...
with a team of around 80 people.
Bankruptcy and restructuring
On July 28, 2010, the company filed at the US Securities and Exchange Commission, voluntarily entering 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, w ...
bankruptcy, after a few years of struggling with major losses and new games failing to bring in revenue.
On August 4, 2010, the court officially declared Playlogic 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.
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.
In December 2014, Playlogic went bankrupt again.
Games Developed
Playlogic gaming and gambling products included ''Fun Play'' and ''Real Play'', handled by Microgaming Ltd. The company operated their ''Real Play'' components under a
Maltese gambling license. Playlogic Game Factory also worked as a First Party contractor for Sony Computer Entertainment Europe (SCEE).
* Aqua Vita/Aquatopia (2007)
*
Mesmerize (2007)
*
Tori-Emaki (2008)
* Mesmerize 2
* Fairytale Fights (2009)
*
Eyepet (2009)
* Eyepet Move Edition (2010)
References
{{reflist
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