GameAccount launches free-play sites for Parx & Australian clubs

23rd March 2015 10:10 am GMT

London-listed gaming technology provider GameAccount Network confirmed Monday that it has launched its free-play Simulated Gaming product for Pennsylvania’s Parx Casino and a consortium of Queensland-based military veterans clubs in Australia.

Parx Casino, the leading casino property in the US state of Pennsylvania, signed up to the suppier’s platform last November. The Simulated Gaming website launched Friday via ParxOnline.com, with marketing for the product expected to commence next month.

Throughout the multi-year term of the agreement, Parx Casino will rely exclusively on GameAccount Network’s internet gaming system, deployed on-property in Pennsylvania, for all forms of real-money gaming (including poker) in the event the state enacts legislation to regulate online gaming.

In addition, GameAccount confirmed that the commercial launch of its previously announced Australian partnership with a consortium of Queensland-based clubs owned by veterans association the Returned and Services League also took place on Friday via the Club8Casino.com.au website.

The Club 8 Casino is part of a collaboration of land-based community clubs, Queensland RSL Clubs, which includes Caboolture RSL, Caloundra RSL, Currumbin RSL, Greenbank RSL, Logan Diggers and RSL Club Southport.

GameAccount also revealed that it has signed up an additional undisclosed US casino operator of “material size” which is expected to launch Simulated Gaming this year.

“2014 marked a period of progress and development for GameAccount Network as the company continued to roll out its offering to capitalise on the opportunities presented by Simulated Gaming,” said GameAccount.

The supplier said that overall trading in 2014 had been broadly in-line with expectations, with Simulated Gaming out-performing initial expectations.

GameAccount remains confident in the prospects for its business in 2015 and beyond.

“To date, consistent with the objectives set out at the time of the company’s 2013 public offering, we have progressed our capability to deliver both Simulated Gaming and regulated real money internet gaming in the United States,” said the company. “We are excited by the opportunity presented by Simulated Gaming, the underlying player metrics of which have materially surpassed our expectations.

“The activity in the New Jersey market and the advancements in the regulation of Pennsylvania present excellent opportunities for growth in real money gaming in 2015 and 2016.”

The company added that discussions with a number of parties regarding system sales are continuing and an announcement will be made as and when appropriate.

Shares in GameAccount Network plc (Co. Data) (AIM:GAME) are currently trading at 59.00 pence per share in London this morning, having dropped 2.97 per cent in trading Friday.

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