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Agreement to install eQube eBingo system in the San Manuel Indian Bingo & Casino.
EDMONTON, Sept. 20, 2016 /CNW/ - eQube Gaming Limited (TSX-V EQG) ("eQube" or the "Company") is pleased to announce the signing of a three-year agreement (the "Agreement"), effective September 8, 2016, to provide the complete electronic bingo operational and management systems for the San Manuel Indian Bingo & Casino ("San Manuel") in southern California, one of the largest tribal bingo facilities in the USA.
As one of southern California's premier entertainment venues, with exclusive restaurants, a state of the art casino with 3,800 slot machines, a 1,400 seat bingo club, and live casino tables, San Manuel is a major regional facility, located just 67 miles from downtown Los Angeles.
In accordance with the Agreement, eQube will be providing San Manuel with 1,000 of its market leading rugged handheld gaming tablets, as well as a complete software suite to provide electronic bingo and associated enterprise back office reporting and customer data systems.
"We have worked very hard to develop the eQube bingo system according to the needs of our customers operations, rather than just to provide cool, advanced bingo technology," said Kent Tong, CEO of eQube. "Our system has been designed by bingo operators for bingo operators, and the selection of our system in a location as prominent as San Manuel is further validation that our industry-leading solution enhances the environment, experience and service in a modern bingo environment".
Mr. Tong went on to say "Experienced bingo operational professionals in the eQube organization have demonstrated the power of the eQube system to increase customer traffic, revenues and frequency of visits. The success of our installations has led to increased demand for the eQube system, as many operators realize our system is more than just technology and customer management - it is about empowering a bingo hall owner/operator to improve their business and its bottom line. I am extremely excited to be a provider to San Manuel."
eQube is a leading provider of electronic bingo (eBingo) systems for land based gaming operators in commercial and charitable gaming facilities. eQube has a majority market share of the Canadian regulated eBingo market, is the leading provider to the Irish digital bingo market and now operates the largest linked bingo game in Western Canada. Current solutions, consisting of commercial eBingo, linked bingo, social games and ancillary systems, are deployed in North America and Europe. eQube's open platform suite of tools provides customers with new revenue channels to deliver and enhance traditional bingo income for lottery, tribal and other gaming organizations.
eQube has been offering its eBingo and related gaming solutions to commercial, tribal, regulatory and charitable customers worldwide since its inception in 1999. eQube is listed on the TSX Venture Exchange under the symbol EQG. For more information visit: www.eqube.com
About San Manuel Bingo & Casino
Located in the heart of Southern California's "Inland Empire", the San Manuel Indian Bingo & Casino is located just 67 miles from downtown Los Angeles. Offering gaming (3,800 slots and live table gaming), dining and entertainment since 1986, San Manuel Indian Bingo & Casino is owned & operated by the San Manuel Band of Serrano Mission Indians.
Disclaimer in Regards to Forward-Looking Statements
This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of eQube as of the date of this news release, unless otherwise stated. The use of any of the words "expect", anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future and include, but are not limited to statements with respect to the Agreement and the provision of services and products in accordance with its terms. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward looking information provided in this news release is also based on certain assumptions regarding expected growth, results of operations, performance and business prospects and opportunities. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release.
Since forward-looking statements addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These risks include the inability of the parties to implement the Agreement for the entire five year term, if at all, and/or to obtain necessary regulatory and third party approvals.
Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information regarding some of these risks, expectations or assumptions and other factors may be found in eQube's filings with the Canadian securities regulators, available at www.sedar.com. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and eQube undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE eQube Gaming Limited
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