GameAccount Network Statement re Foxwoods Resort Casino Announcement
October 01 2015 - 10:44AM
UK Regulatory
TIDMGAME
Statement re: Foxwoods Resort Casino Announcement
ISE: GAME LSE: GAME
London & Dublin | 1 October 2015: GameAccount Network plc
("GAN" or the "Company"), a leading developer and supplier of
enterprise-level Business to Business gaming software, notes the
following announcement by Foxwoods Resort Casinos ("Foxwoods") of
30 September 2015:
"Mashantucket Pequot Gaming Enterprise (MPGE) and GameAccount
Network PLC (GAN) have mutually agreed to a managed exit from their
relationship over a period of no less than six (6) months in
reflection of the parties' divergent commercial objectives in the
United States. 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."
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 GamingT 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.
www.GAN.com
For further information please contact:
GAN FTI Consulting
Dermot Smurfit Jonathan Neilan/Melanie Farrell
Chief Executive Officer
+44 (0) 20 7292 6262 +353 1 663 3686/3683
dsmurfit@GAN.com gan@fticonsulting.com
Davy
John Frain / Roland French
+353 1 679 6363
GAN | Overview
GAN is a leading developer and supplier of enterprise-level
Business to Business gaming software systems and online gaming
content. GAN is listed on the ESM Market of the Irish Stock
Exchange and the AIM Market of the London Stock Exchange under the
ticker: GAME. The Company has developed an Internet gaming
enterprise software system, GameSTACKT, which it licences to online
and land-based gaming operators as a turn-key technology solution
for both regulated real-money and simulated online gaming. The
Internet Gaming System, developed in London under a UK Gaming
Commission licence, is certified to the highest technical standards
currently required by gaming regulators. GAN is also a leading
developer of online casino games and converts offline casino slot
machines into online equivalents on behalf of third party
land-based slot machine manufacturers.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20151001006260/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
October 01, 2015 10:44 ET (14:44 GMT)
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