Playlogic Entertainment: Difference between revisions

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Updated grammatical tone to past tense as all aspects of the business now appear to be defunct. Rewrote history and development sections, moving information to more relevant areas and building structure. Removed promotional tone and focused on factual information only. Added citations. Needs further improvement.
Restored revision 1168527935 by Qcne (talk): Restored last good revision
 
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{{short description|Mobile gambling and video gaming company}}
{{short description|Mobile gambling and video gaming company}}
{{mi|
{{more citations needed|date=August 2007}}
{{Cleanup rewrite|date=November 2019}}
}}
{{Use dmy dates|date=March 2022}}
{{Use dmy dates|date=March 2022}}
{{Infobox company
{{Infobox company
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| traded_as = {{OTC Pink|PLGC}}
| traded_as = {{OTC Pink|PLGC}}
| foundation = 2002
| foundation = 2002
| defunct = 2010
| defunct = 2010(bankrupt)
| location_city = [[Amsterdam]]
| location_city = [[Amsterdam]]
| location_country = Netherlands
| location_country = Netherlands
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| logo = [[File:Playlogic Entertainment Logo.png]]
| logo = [[File:Playlogic Entertainment Logo.png]]
| foundation = 2010
| foundation = 2010
| defunct = 2014
| defunct = 2014(bankrupt)
| location_city = Amsterdam
| location_city = Amsterdam
| location_country = The Netherlands
| location_country = The Netherlands
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== History ==
== History ==
{{Advert section|date=November 2019}}


'''Playlogic Entertainment, Inc'''. was listed on the '[[OTC Bulletin Board|OTCBB]]' 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.<ref>{{Cite web |title=playlogic8k_12212010.htm |url=https://www.sec.gov/Archives/edgar/data/1141590/000107997411000325/playlogic8k_4152011.htm |access-date=2023-04-04 |website=www.sec.gov}}</ref>
'''Playlogic Entertainment, Inc'''. was listed on the '[[OTC Bulletin Board|OTCBB]]' 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.<ref>{{Cite web |title=playlogic8k_12212010.htm |url=https://www.sec.gov/Archives/edgar/data/1141590/000107997411000325/playlogic8k_4152011.htm |access-date=2023-04-04 |website=www.sec.gov}}</ref>


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=== Bankruptcy and restructuring ===
=== Bankruptcy and restructuring ===
On July 27, 2010, rumours started to surface around Playlogic about a possible [[bankruptcy]], after a few years of struggling with major losses and new games failing to bring in revenue.<ref>{{cite news | title = Nederlandse gameontwikkelaar Playlogic stevent af op faillissement | publisher = Tweakers.net | date = 27 July 2010 | url = http://tweakers.net/nieuws/68796/nederlandse-gameontwikkelaar-playlogic-stevent-af-op-faillissement.html}}</ref> The rumours were confirmed the following day by a filing at the US Securities and Exchange Commission revealing the company had voluntarily entered into 'surseance van betaling', the Dutch equivalent of [[Chapter 11, Title 11, United States Code|Chapter 11]].<ref>{{cite news | title = Playlogic files for bankruptcy | publisher = gamsindustry.biz | date = 28 July 2010 | url = http://www.gamesindustry.biz/articles/playlogic-files-for-bankruptcy}}</ref>
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, Title 11, United States Code|Chapter 11]] bankruptcy, after a few years of struggling with major losses and new games failing to bring in revenue.<ref>{{cite news |date=27 July 2010 |title=Nederlandse gameontwikkelaar Playlogic stevent af op faillissement |publisher=Tweakers.net |url=http://tweakers.net/nieuws/68796/nederlandse-gameontwikkelaar-playlogic-stevent-af-op-faillissement.html}}</ref><ref>{{cite news | title = Playlogic files for bankruptcy | publisher = gamsindustry.biz | date = 28 July 2010 | url = http://www.gamesindustry.biz/articles/playlogic-files-for-bankruptcy}}</ref>


On August 4, 2010, the court officially declared Playlogic bankrupt.<ref>{{Cite web |last=robin |date=2010-08-04 |title=Dutch game maker Playlogic bankrupt after failed fairytale |url=https://www.dutchnews.nl/news/2010/08/dutch_game_maker_playlogic_ban/ |access-date=2023-04-04 |website=DutchNews.nl |language=en-GB}}</ref> 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.<ref>{{cite news | title = Beleaguered Playlogic relaunches company, focusing on digital releases. | publisher=Joystiq | date = 22 December 2010 | url=http://www.joystiq.com/2010/12/22/beleaguered-playlogic-relaunches-company-focusing-on-digital-re/}}</ref>
On August 4, 2010, the court officially declared Playlogic bankrupt.<ref>{{Cite web |last=robin |date=2010-08-04 |title=Dutch game maker Playlogic bankrupt after failed fairytale |url=https://www.dutchnews.nl/news/2010/08/dutch_game_maker_playlogic_ban/ |access-date=2023-04-04 |website=DutchNews.nl |language=en-GB}}</ref> 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.<ref>{{cite news | title = Beleaguered Playlogic relaunches company, focusing on digital releases. | publisher=Joystiq | date = 22 December 2010 | url=http://www.joystiq.com/2010/12/22/beleaguered-playlogic-relaunches-company-focusing-on-digital-re/}}</ref>


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. in Malta, using the brand name WannaGaming, has a long-term partnership with market leader Microgaming Ltd. for all mobile gaming and gambling products, [[banking]] services and 24/7 international [[help desk]] services. The company operates under a Maltese gambling license. WGM Ltd. in Malta is a subsidiary of Playlogic Entertainment.
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.<ref>{{cite web|url=http://www.rtlnieuws.nl/economie/home/gamesbedrijf-playlogic-weer-failliet|title=Gamesbedrijf Playlogic (weer) failliet|website=RTL Nieuws|date=3 December 2014}}</ref>
In December 2014, Playlogic went bankrupt again.<ref>{{cite web|url=http://www.rtlnieuws.nl/economie/home/gamesbedrijf-playlogic-weer-failliet|title=Gamesbedrijf Playlogic (weer) failliet|website=RTL Nieuws|date=3 December 2014}}</ref>


== Games Developed ==
== 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 [[Malta|Maltese]] gambling license. Playlogic Game Factory also worked as a First Party contractor for Sony Computer Entertainment Europe (SCEE).
Playlogic gaming and gambling products included ''Fun Play'' and ''Real Play'', handled by Microgaming Ltd. The company operated their ''Real Play'' components under a [[Malta|Maltese]] gambling license. Playlogic Game Factory also worked as a First Party contractor for Sony Computer Entertainment Europe (SCEE).


* Aqua Vita/Aquatopia (2007)
* Aqua Vita/Aquatopia (2007)
* [[Mesmerize (video game)|Mesmerize]] (2007)
* [[Mesmerize (video game)|Mesmerize]] (2007)
* [[Tori-Emaki]] (2008)
* Mesmerize 2
* Mesmerize 2
* Fairytale Fights (2009)
* Fairytale Fights (2009)

Latest revision as of 15:09, 21 September 2023

Playlogic Entertainment, Inc
Company typePublic
OTC Pink: PLGC
IndustryVideo games
Founded2002
Defunct2010(bankrupt)
Headquarters
Amsterdam
,
Netherlands
ProductsFairytale Fights
Xyanide
Xyanide: Resurrection
Worldshift
Age of Pirates: Caribbean Tales
Age of Pirates 2: City of Abandoned Ships
ObsCure II
Infernal
Aggression
Aliens in the Attic
World Racing 2
Knights of the Temple II
Gene Troopers
Airborne Troops
Cyclone Circus
Pool Hall Pro
Vertigo
Red Bull BC One
Ancient Wars: Sparta
Stateshift
Building & Co
Alpha Black Zero
Dimensity
Sudoku Ball Detective
Dragon Hunters
Simon the Sorcerer 4
The Endless Days of Luckless John
Number of employees
110, with circa 300 external development staff (2010)
Websiteplaylogicgames.com
Playlogic Entertainment N.V.
IndustryMobile gambling and console publishing
Founded2010
Defunct2014(bankrupt)
Headquarters
Amsterdam
,
The Netherlands
Websiteplaylogicgames.com

Playlogic Entertainment was a company active in mobile gambling and console publishing, founded in 2002 by Rogier Smit.[1]

History[edit]

Playlogic Entertainment, Inc. was listed on the 'OTCBB' 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.[2]

Playlogic International N.V. was a full subsidiary of Playlogic Entertainment, Inc. based in Amsterdam. Playlogic published games developed internationally as well as in-house through Playlogic Game Factory BV, a studio based in Breda with a team of around 80 people.

Bankruptcy and restructuring[edit]

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 bankruptcy, after a few years of struggling with major losses and new games failing to bring in revenue.[3][4]

On August 4, 2010, the court officially declared Playlogic bankrupt.[5] 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.[6]

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.[7]

Games Developed[edit]

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[edit]

  1. ^ robin (4 August 2010). "Dutch game maker Playlogic bankrupt after failed fairytale". DutchNews.nl. Retrieved 4 April 2023.
  2. ^ "playlogic8k_12212010.htm". www.sec.gov. Retrieved 4 April 2023.
  3. ^ "Nederlandse gameontwikkelaar Playlogic stevent af op faillissement". Tweakers.net. 27 July 2010.
  4. ^ "Playlogic files for bankruptcy". gamsindustry.biz. 28 July 2010.
  5. ^ robin (4 August 2010). "Dutch game maker Playlogic bankrupt after failed fairytale". DutchNews.nl. Retrieved 4 April 2023.
  6. ^ "Beleaguered Playlogic relaunches company, focusing on digital releases". Joystiq. 22 December 2010.
  7. ^ "Gamesbedrijf Playlogic (weer) failliet". RTL Nieuws. 3 December 2014.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Playlogic_Entertainment&oldid=1176409181"