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Wizard Gaming Software Goes up for Public Auction Until November 29th

2 November 2010 by Devon Chappell

wizardgaming

In the world of online gambling, there is nothing more satisfying than a tried and true software platform. Much like a fine wine, the longer it’s around, the better it gets. Well, that’s the theory anyhow. Depending on who’s doing the tasting, a newer wine can actually taste better than an aged, overrated vino. Similarly, a brand new software platform straight out of the developmental stage, can easily satisfy a demanding gamer’s appetite.

Okay, maybe the wine/software analogy is a little bit of a stretch. However, the truth remains that just because a software platform has been around a long time, doesn’t mean it’s better. There are plenty of proprietary software platforms that make Atari video games look like the movie Avatar. What keeps these particular establishments in business for so long is that they are either very good at providing a rewarding experience to bettors, i.e., excellent payouts, or they’re just really good at ripping people off.

For some software platforms, the road to success comes at a higher price. And when I say price, I mean a few million dollars. To be more precise, I am referring to Wizard Gaming Software, which put over $5 million into developing its cutting edge suite of online casino games, and has recently opted to put itself up for public auction until November 29th, 2010. Not likely to get a fraction of the development costs back, it goes to show that the online gambling business has no surefire formulas of success for operators.

Well, I take that back. I suppose there are certain things that if done properly can guarantee the success of an online casino. However, if we’re talking software – which is the essence of any online casino – we are entering much less chartered waters. The best software platforms in business today could probably be counted on two hands (possibly add a foot or two), while the best online casinos likely number in the hundreds (give or take a few core features).

What apparently got in the way of Wizard Gaming’s development (which first began in late 2006) was the make-it-or-break-it ingredient for practically all profiteering enterprises: Money. As mentioned, $5 million went into Wizard Gaming’s software platform. Considering they were a small start-up with just a couple of investors to begin with, it’s impressive Wizard Gaming even made it this far. And despite the negative connotations that sometimes come with public auctions, what is equally impressive – if not more – is the software platform itself.

Anyone who had the opportunity to test out All Star Slots Casino before they moved over to Real Time Gaming software, got to experience the sharp graphics and fast playing speed that characterized Wizard Gaming from the beginning. The only problem was that Wizard did not have as large a game selection as its competitors. In fact, Wizard was initially a platform specializing in online slot machines, with plans to roll out table games at a later date. Those plans apparently couldn’t be seen through; however, Wizard Gaming was able to release over thirty outstanding online slots – each tested for core RNG fairness by iTech Labs of Australia.

It goes without saying that Wizard Gaming certainly deserves to power online casinos. The timing of their launch, coupled with changing trends in the iGaming industry didn’t serve the company well. However, for anyone looking to invest in the internet betting sector, the Wizard Gaming software platform could end up being the best bet in the House.

One Response to “Wizard Gaming Software Goes up for Public Auction Until November 29th”

  1. claire jacobs says:

    this is such a sad story to hear. But I think it will be more better for the Wizard Gaming if a new user handles their software. Especially now that they have nothing to do but to auction off their assets.