Ntn Buzztime, Inc. (AMEX:NTN)
Historical Stock Chart
1 Month : From Nov 2018 to Dec 2018
CARLSBAD, Calif., Nov. 30, 2018 /PRNewswire/ -- On Saturday, December 1st, NTN Buzztime, Inc. (NYSE American: NTN) is kicking off a new competition: Trivia for Cash. On Saturday and Tuesday evenings in December, registered Buzztime players can compete in a 30-minute game of trivia – there are eight total games, each worth $1,000. The player with the highest score wins $1,000. In the event of a tie, the $1,000 prize will be split between the high scorers.
"Trivia for Cash was created to simultaneously meet multiple objectives for Buzztime: reward existing players, attract new ones, increase foot traffic and revenue at the 2,600+ Buzztime locations, and provide advertisers with expanded reach and engagement," said Ram Krishnan, NTN Buzztime CEO.
Trivia for Cash is the ultimate challenge for trivia players as it's a game of skill, not chance. The competition will reward the current 10 million registered Buzztime players with a chance to join a high-stakes competition, show off their trivia skills, and potentially win $1,000. The high-stakes competition will also attract new players and grow the Buzztime player base. To compete in Trivia for Cash, players must first register to join the Buzztime Nation – giving partner locations an opportunity to build their player base.
"With $1,000 on the line and a chance to be named one of the nation's smartest trivia players, this sweepstakes will drive players into our more than 2,600 partner locations. These locations will benefit from a consistent boost in foot traffic and more opportunities for increased revenue throughout December," added Krishnan.
Buzztime's digital-out-of-home (DOOH) advertising partners should also see a lift in impressions throughout the competition as their brand is shown on 15,000 screens and 65,000 Android tablets. Players are viewing these ad messages when they're immersed in gameplay for a chance to win $1,000 – improving brand engagement for advertisers.
"Throughout 2018, we've launched exciting new trivia games, sweepstakes, and competitions: from the Play All Day Sweepstakes in April to the Buzztime Sports kick off and $100-a-Day giveaway in September. Each initiative has moved the needle on key performance metrics for Buzztime, like increasing player engagement and dwell time at our partner locations. After Trivia for Cash concludes, we plan to continue the forward momentum into 2019," concluded Krishan.
This release contains forward-looking statements that reflect management's current views of future events and operations, including statements regarding increased foot traffic, dwell time and revenue for our customers, player engagement, growth of Buzztime's player base, promotions and prizing, and advertising partner branding opportunities. These risks and uncertainties include the risks of unsuccessful execution or launch of products, platforms or brands, risks associated with customer retention and growth plans, the impact of alternative entertainment options and technologies and competitive products, brands, technologies and pricing, adverse economic conditions, the regulatory environment and changes in the law, failure of customer and/or player acceptance or demand for new or existing products, lower market acceptance or appeal of both existing and new products and services by particular demographic groups or audiences as a whole, and technical problems or outages. Please see NTN Buzztime, Inc.'s recent filings with the Securities and Exchange Commission for information about these and other risks that may affect the Company. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized.
Buzztime (NYSE American: NTN) delivers interactive entertainment and innovative technology, including performance analytics and secure payment with Europay, MasterCard® and Visa® (EMV) chip card readers or with near-field communication (NFC) technology to accept Apple, Android and Samsung Pay. Most frequently used in bars and restaurants in North America, the Buzztime tablets and technology offer engaging solutions to establishments that have guests who experience dwell time, such as casinos, senior living, and more. Casual dining venues license Buzztime's customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games, customized menus and self-service dining features. Buzztime's platform improves operating efficiencies, creates connections among the players and venues, and amplifies guests' positive experiences. The Buzztime platform has also been recently resold and the content licensed for other businesses serving other markets. For more information, please visit http://www.buzztime.com or follow us on Facebook or Twitter @buzztime.
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SOURCE NTN Buzztime, Inc.