VANCOUVER, Sept. 14, 2016 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX‐V: PYD) ("Poydras" or the "Company"), a leading provider of gaming machines to casino operators in its core markets of Oklahoma and Texas, announces that it has entered into an agreement with Gamblit Gaming, LLC ("Gamblit"), the leading technology provider in the emerging interactive entertainment meets gambling space, to distribute its products in Oklahoma and Texas. The agreement is exclusive with respect to Tribal jurisdictions in these markets.
Gamblit is a leading innovator of real money and skill-based gaming, and develops and publishes a wide variety of games that bring a casual, arcade sense of fun and skill into the market. The company helps casino operators deliver a compelling new entertainment experience, both to retain existing users and to attract new players. With Gamblit's products, casino operators can compete on innovation while driving revenue and growth.
"We are very excited to partner with Gamblit Gaming for the distribution of their leading edge skill-based products, which we expect to appeal to a whole new generation of players" said Peter Macy, CEO of Poydras. "Gamblit's products offer players new and exciting ways to immerse themselves in a participatory experience, and open up possibilities for interaction among groups of players in a social and virtual gaming environment. We believe these compelling products will help our customers meet the evolving demands and changing demographics of their markets."
"Poydras is a leading player and a trusted partner in Oklahoma, which as the third largest gaming market in the United States presents a particularly attractive opportunity for Gamblit Gaming's lineup of all new touch screen gaming devices, which bring the thrill of the arcade and current hit video games onto the casino floor," said Marcus Yoder, Vice President of Regulated Markets Business Development of Gamblit Gaming. "Poydras' strong and enduring relationships in their markets makes them the ideal partner for us to introduce our products to their existing customers, and to new customers, and we are very pleased to be working with them," added Eric Meyerhofer, CEO of Gamblit Gaming.
About Gamblit Gaming
Gamblit Gaming is the leading technology provider of real money and skill gaming in video games, enabling a wide range of game genres to accommodate gambling experiences in online and on-site deployments worldwide. Gamblit's platform provides all essential regulated technology, customer operations, and licenses, freeing up game developers, publishers, and casino operators to focus on making the best possible game experience for their players. Founded with the goal of bridging the gap between games and gaming, Gamblit's executive team has deep roots in both industries. Gamblit Gaming is headquartered in Glendale, California.
About Poydras Gaming Finance Corp.
Poydras Gaming is a regional slot route operator with approximately 2,500 revenue-generating gaming machines across 25 casinos in Oklahoma and Texas. The Company provides slot machines and related capital expenditures under short- and long-term contracts for existing casinos, new casino developments and gaming machine suppliers in the United States. Additional information about the Company can be found on the SEDAR website at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Poydras Gaming Finance Corp.
For further information: Keith Richards, Investor Relations, NATIONAL Equicom, T: (416) 848-1599, E: firstname.lastname@example.org; For Gamblit Gaming, please contact: Karina St. Jean / Amy Pandya, Rogers & Cowan for Gamblit Gaming, 310.854.8112 / 310.854.8262, email@example.com, firstname.lastname@example.org; James Kim, VP of Corporate Development, Poydras Gaming Finance Corp., T: (604) 683-8393, E: email@example.com