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Gaming Realms in deal with Scientific Games

Thursday April 28,2016 :  GAMING REALMS IN FIVE-YEAR SLINGO DEAL WITH SCIENTIFIC GAMES
 
SG to get exclusive rights to produce and distribute Slingo-branded slot machines.
 
Online gambling content developer Gaming Realms announced Thursday that it has inked a five-year content and distribution agreement with Scientific Games, although it did not provide any detail on the financial arrangements surrounding the deal.
 
Following the agreement, Scientific Games will have exclusive rights to produce Slingo-branded [slots-bingo] slot machines and to distribute them to the international land gambling industry. The agreement includes usage beyond slots on VLTs and on-premises handheld gambling devices.
 
This is not the first time the two companies have worked together commercially on Slingo; in a prior deal SG was authorised to produce scratch lottery tickets using the Slingo brand, a successful collaboration which resulted in the generation of over a billion dollars in ticket sales across 36 US states and three international lottery markets
 
The deal was considered one of the most successful such agreements within the global lottery industry.
 
Gaming Realms backers will welcome a provision in the agreement whereby SG will pay a guaranteed minimum royalty revenue stream for the initial two years.
 
Gaming Realms acquired the Slingo brand and assets from Real Networks mid-2015 (see previous InfoPowa reports) and has been building the brand in the international market.
 
Gaming Realms CEO, Patrick Southon, said in a company statement Thursday announcing the SG deal that the agreement was an extension of a very successful relationship with Scientific Games which would provide opportunities for the further development of the Slingo brand, particularly in the bricks and mortar sector of the industry.

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Gambling News :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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