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Gaming Realms and Pala in NJ Real Money Bingo Deal
Wednesday, March 23, 2016 : GAMING REALMS ENTERS REAL-MONEY U.S. GAMING MARKET
Bingo game licensing deal with Pala Interactive.
Gaming Realms plc has partnered Pala Interactive in a revenue share agreement for New Jersey gaming website PalaBingoUSA.com
The deal marks Gaming Realms first foray into the U.S. real money gaming market after receiving a transactional waiver by the New Jersey Division of Gaming Enforcement Division for the delivery of its newly developed 90-ball bingo game.
In addition to the revenue sharing agreement, Pala Interactive has committed to providing significant resources towards marketing the new game.
Commenting on the licencing agreement, Patrick Southon, chief executive officer of Gaming Realms, said:
"This step into the U.S. real money online gaming market is a significant milestone for Gaming Realms. Pala Interactive's decision to partner with us is a testament to our ability to develop high value and creative gaming content. The Group believes this deal marks its successful transition to becoming a multi national content and platform company in the mobile gaming space."
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