Gaming software developer ISIS Labs has signed its most significant deal to date with an agreement to provide its online bingo solution to leading Italian service provider Microgame.
ISIS will supply its online bingo platform and related services to Microgame under an initial two-year deal. The platform is expected to go live in the first quarter of this year.
Once the deal is approved by Italian regulator AAMS and the TSX Venture Exchange, a large number of Microgame’s bingo clients will be migrated to the new platform. ISIS predicts that around 125 of Microgame’s customer base, comprised of local Italian operators, will go live with its bingo product.
The company said that the launch would provide it with an "immediate footprint" in the burgeoning Italian online gaming market, with ISIS' product available to a "significant amount" of real-money players across the Microgame platform.
In 2013, Microgame’s customers generated gross gaming turnover of €1.5bn across all gaming products.
ISIS Labs chairman, president and CEO Daniel Kajouie said he was “extremely pleased” to have partnered with the largest provider of games and services in Italy’s online gaming market.
“This agreement will create a large and immediate footprint for Isis in the Italian market and our partnership with Microgame confirms ISIS as the strong technology provider in the gaming and social media arena,” he explained.
Microgame general manager Marco Castaldo said ISIS Labs’ experience in online bingo was “second to none,” and predicted that his company would see significant growth in bingo revenues over the year.
“The agreement with Microgame enables ISIS Lab to enter what is considered to be one of the world's largest, fully regulated online gaming market while providing Microgame a significant competitive advantage with its cutting edge Bingo platform to its customers,” Castaldo added.
Microgame originally launched online bingo in 2008, powered by Parlay Entertainment software, before rolling out its Peoples Bingo product – an online version of a popular land-based variant – in 2010. In 2012 the company partnered with Concept Gaming to launch a bingo mini-game alongside its Peoples Poker product.