LOS ANGELES, Dec. 10, 2015 /CNW/ - INNOVA Gaming Group Inc. ("INNOVA", the "Company") (TSX: IGG), the indirect parent company of Diamond Game Enterprises Canada ULC ("Diamond Game"), today announced that Diamond Game has received approval from Loto-Québec to extend its lease Agreement for the LT-3 break open ticket dispensers ("LT-3") that are currently installed in the Province.
"We appreciate Loto-Québec's extension of this Agreement and look forward to continuing this relationship over the coming year," said Richard Weil, Chairman and CEO of INNOVA. We also hope to add new features and content to our existing deployments to improve the gaming experience and increase revenue."
The Agreement with Loto-Québec was originally put into place in late 2014 and this represents the third extension of the Agreement.
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 Enterprises, 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