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TORONTO, June 16, 2015 /CNW/ - Gaming Nation Inc., (TSXV:FAN) and its wholly owned subsidiary 5050 Central Limited (5050 Central) are pleased to announce a 3 year business development agreement with BD Sport Group (BD Sport) which will see BD Sport exclusively represent 5050 Central's electronic raffling system in the U.K and neighbouring countries. Through this partnership, 5050 Central aims to leverage BD Sport's existing relationships in the European sports industry and its existing regulatory and licensing framework to assist the introduction of 5050 Central's products and services to the European market.
BD Sport provides in-stadium betting services to more than 35 sports stadiums throughout the U.K. and other European countries working closely with most of the football teams in the Premier League and Championship. 5050 Central and BD Sport have completed the required technology developments to fully integrate 5050 Central's electronic 50/50 raffle system within the existing stadium operations of BD Sport. BD Sport will develop 5050 product sales within the U.K. with its existing clients and prospective clients and will further provide operational oversight to the 50/50 raffles on behalf of 5050 Central.
Scott Secord, Gaming Nation Inc.'s President/CEO stated, "Growth of 5050 Central's business in the U.K. has always been a significant target market for the Company. We believe our relationship with BD Sport provides our company with instant access to prominent sports teams and organization competing in the some of the most prestigious sports leagues in the world. BD Sport has enjoyed long-term relationships with these organizations and we believe we are strategically positioned to aggressively execute our growth strategy with the support of BD Sport".
Tony Warwick, Joint Managing Director of BD Sport commented, "Our company had the opportunity to see first-hand the success of 5050 Central's platform in North America. BD Sport has been looking for a secondary in-stadium gaming experience providing fans with the opportunity to participate in an electronic game of chance. We believe the success that 5050 Central has experienced in North America will be replicated in the U.K through our current and expanding relationships and we are excited to be able to implement this product suite into a readily developed network of betting points at our stadiums".
About 5050 Central Limited:
5050 Central Limited, a wholly owned subsidiary of Gaming Nation Inc., is an electronic 50/50 raffle management system that drives consumer participation in raffle events while providing accountability to the raffle process. The 5050 Central system electronically captures every transaction while providing updated real-time raffle information to display devices located throughout the venue. Tickets are sold to fans through fixed touch-screen terminals and mobile devices, creating an effortless data collection system providing faster sales transaction, longer selling periods, accountability and substantial increases in average raffle proceeds. 5050 Central boasts some of sports' best brands as clients.
About BD Sport Group Ltd.:
BD Sport Group Ltd., wholly owned by Tony Warwick and John Lee, is a private limited company trading for the last 20 years within the Sports Sponsorship arena in the UK. Within the last 10 years they have had particular focus on the betting and gaming sector. BD Sport's group of companies includes BD Stadia Ltd which operates at over 35 top flight stadiums within the UK and Europe and provides In Stadium betting as part of the match day experience. BD Sport owns all their own hardware and software and provides a unique platform for betting and gaming organizations to showcase their brand at the heart of the game. Fans can place bets with BD Sport trained staff within general admission areas and within hospitality suites at almost all of the Premier League and Championship clubs.
Certain statements contained in this announcement constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to the Company's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "target", "potential", "continue" or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors and assumptions including expected business prospects and opportunities. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what we currently expect. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
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 Gaming Nation Inc.
Renseignements: For more information on the matters indicated in this press release, please contact Scott Secord, director and Chief Executive Officer of Gaming Nation Inc., at (905) 731-9867.