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Monday August 22,2016 : NEKTAN SELLS OFF THREE BRAND ASSETS
But will continue operating brands as white labels for a further five years.
Mobile gaming provider Nektan has partnered Buckingham HMB Ltd for the sale of three of its gaming brands for an initial GBP 1.75 million linked to a simultaneous white label licensing agreement that will see it continue to operate the brands for a five-year term on its Evolve platform for a monthly royalty.
A further GBP 200,000 is expected to follow shortly after the transfer of Nektan’s in-house developed Chomp Casino, Spin Princess and Sapphire Rooms web domain and customer database assets, the proceeds of which will be used to develop its business in Europe and the US, through its Respin Joint Venture.
As with other white label partners, Nektan will continue to report net gaming revenue from the three brands within its own net gaming revenue figures, a company statement said.
“…the transfer of these brand assets coupled with the long term white label licensing agreement is a positive step forward for the business by providing additional working capital for the Group while still benefiting from a share of the ongoing revenues of the brands,” Leigh Nissim, chief executive of Nektan, said.
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During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.
Is there a place for AI in poker? -
If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word
MLB Odds: Mets vs. Dodgers -
Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.
NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title -
It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.
Vikings’ Victory Slot Launches -
The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.
50 WSOP Seat Satellite -
Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.
NHL Odds: Series Tied Heading Back to Pittsburgh -
As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.
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There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.
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