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Rising Tide Games Potential Buyer of Bwin's Social Gaming Platform

The Wall Street Journal is reporting that Rising Tide Games is a potential suitor for Bwin's social gaming subsidiary firm "Win", which the group announced it is selling off.

The Wall Street Journal quotes two inside sources, noting that Rising Tide's owner Maytal Olsha wants to pick up Win, which pushes out social play versions of slot machines for both Facebook and mobile platforms. Olsha has experience in the gaming industry, having previously held senior positions at Zynga and 888.

Bwin launched Win in 2012 as a way to break into the social gaming market, and reportedly invested more than $50 million into it. The venture has reported been reportedly losing money though, with Bwin laying off about 40 of its Tel Aviv staff who work for the social gaming platform.

Casino Listings will update this story as more developments arise.

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