27th Sep 2019 11:16
(Alliance News) - FastForward Innovations Ltd said Friday its 43% investee Fralis LLC, or Leap Gaming has signed a partnership with online betting and gaming platform Mansion Casino.
Leap Gaming is a business-to-business developer of high-end gaming applications.
Under the agreement, Leap Gaming with distribute its game portfolio across Mansion's international network, offering scheduled virtual horse racing, tennis, cycling and greyhounds. Mansion will also other Leap's newly launched Instant Football product.
In addition, FastForward noted that Leap Gaming's performance in August was much stronger than that in the same month the year before.
For August, Leap Gaming reported 70% growth in gross gaming revenue year-on-year, alongside a threefold increase in the company's headcount and the launch of new products in physical licensed gambling.
"Leap Gaming has had an excellent 12 months since June 2018, winning major gaming clients such as Mansion and achieving significant growth across all key metrics in its business plan. The traction gained with new products, customers and markets are all driving revenue and customer growth, which supports FastForward's view that the next 12 months are very exciting in terms of what Leap Gaming can achieve," said Chief Executive Officer Lorne Abony.
Shares in FastForward Innovations were up 5.4% at 5.90 pence on Friday in London.
By Dayo Laniyan; [email protected]
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