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GAMEACCOUNT AND FOXWOODS PARTNERSHIP IS OVER
Saturday October 3,2015 : GAMEACCOUNT AND FOXWOODS PARTNERSHIP IS OVER
"Divergent commercial objectives in the United States" cited as the reason.
A little over eighteen months ago the owners of the famous US resort casino Foxwoods, the Mashantucket Pequot Gaming Enterprise, and Irish online gambling technology company GameAccount teamed up to debut GAN's first free-to-play 'Simulated Gaming' online casino product in the US...but the partnership has not lasted.
In separate announcements this week the two companies revealed that over the next few months they will carry out a mutually agreed "managed exit" from the partnership.
The Mashantucket statement noted: "The parties have had a productive and mutually beneficial relationship highlighted by the power of the Foxwoods brand, the performance of GAN’s technology platform, and the strength of MPGE’s information technology and marketing operations," but cited "divergent commercial objectives in the United States" as the reason for the breakup.
Gaming\Account made a similar statement but added:
"Consistent with the terms of the contract, GAN is engaged in negotiations with Foxwoods with respect to the mutual obligations of both parties under the contract.
"As announced with GAN’s 2015 first half results, the growth opportunity in Simulated Gaming remains significant. There is strong demand for GAN’s product which is reflected in the pipeline of prospective customers with a number of exciting deals expected to be completed in the coming quarters. GAN commenced 2015 with just two clients of Simulated Gaming operating online and is confident of commencing 2016 with a total of seven clients offering this compelling Internet gaming experience to their patrons online."
Rumours of disagreement between the companies surfaced last year.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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