30 Charitable Gaming locations to feature additional features by the end of 2015
LOS ANGELES, Oct. 14, 2015 /CNW/ - INNOVA Gaming Group Inc. ("INNOVA", the "Company") (TSX: IGG), today announced that its wholly owned subsidiary, Diamond Game Enterprises ULC ("Diamond Game"), has received approval from the Ontario Lottery and Gaming Corporation ("OLG") to expand the pilot of local progressive jackpot and multi-price features (the "Features") to all 30 of the Charitable Gaming locations where TapTix LT-3 break open ticket dispensers are currently installed in the province. Currently, the Features are live in three Ontario Charitable Gaming locations and the Features are expected to be live at all 30 locations by the end of 2015.
"The performance generated under the initial three pilot locations by the local progressive and multi-price features on our TapTix dispensers in Ontario has been a success," said Richard Weil, Chairman and CEO of INNOVA. "As projected, the TapTix devices that have the Features installed are generating higher levels of player engagement and win per unit than the devices without the Features. We look forward to continuing to work with OLG and all of our lottery partners to continue to deliver products and features that assist charities and social programs in the province that benefit from gaming activities."
Rick Gray, Vice President of Charitable Gaming at OLG added, "INNOVA has helped to develop and deliver the devices and features that Ontario consumers like. These additional features should continue to contribute incremental revenue for charities that depend on gaming revenue to serve their communities and we look forward to the expansion of this pilot to all of our Charitable Gaming Centres in the province of Ontario."
The local progressive jackpot feature enhances entertainment by offering a growing jackpot, and the multi-price feature allows players the option to purchase a single ticket at multiple price points, affording players even greater control of their gaming experience.
About INNOVA Gaming Group Inc.
INNOVA develops unique games and products for the global gaming industry, with particular focus on state and provincial lotteries. Through the Company's wholly owned subsidiary, Diamond Game, INNOVA focuses on enhancing revenues by offering its unique "stay-and-play" products in traditional and non-traditional gaming venues. Its primary product is the LT-3, a machine that dispenses tickets while simultaneously displaying the results of each ticket on a monitor in an entertaining fashion. For more information, please visit www.innovagaminggroup.com.
Certain statements included herein, including those that express management's expectations or estimates of our future performance or future events, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies that could cause actual results or events to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein reflect INNOVA's current views with respect to future events, and except as required by law, INNOVA does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events, or otherwise.
SOURCE INNOVA Gaming Group
For further information: Jonathan Ross, CFA, LodeRock Advisors, INNOVA Investor Relations, [email protected], Tel: (905) 334-0095; Ryan P. Bissonnette, Ontario Lottery and Gaming, Sr. Manager, Communications & Media Relations, Tel: (416) 224-4250