29th Mar 2016 10:03
LONDON (Alliance News) - GameAccount Network PLC shares rose on Tuesday after it signed a multi-year agreement with a major US casino operator to launch the London-listed firm's custom designed casino experience.
GameAccount shares were trading up 8.7% to 25.0 pence per share on Tuesday morning.
GameAccount did not disclose the casino operator, but said the deal will lead to the casino operator launching GameAccount's Simulated Gaming, a social casino experience which is custom designed for partners to deploy across desktop and mobile devices.
The deal needs regulatory approval, but if secured, will see Simulated Gaming being launched in a new US state, which has also not been named. GameAccount has signed similar deals with nine other casino operators in the country for its Simulated Gaming.
The new client generates in excess of USD500.0 million in gross gaming revenues per year, and is expected to see Simulated Gaming go live in the second half of 2016.
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
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