Developer of games and related solutions for the online gambling industry Gaming Realms announced today that it is to introduce a selection of its products to the US online gaming market through a licensing agreement with Pala Interactive, which operates in the state of New Jersey.
Under the terms of the deal, Gaming Realms will supply its recently introduced 90-ball bingo game to Pala’s online bingo brand – PalaBingoUSA. The website is known to be the only one within the New Jersey borders to be offering that type of bingo. Pala Interactive has previously been granted the necessary transactional waiver by the New Jersey Division of Gaming Enforcement for the provision of gambling services within the state.
Pala Interactive is New Jersey’s subsidiary of the Pala Band of Mission Indians, a California-based federally recognized tribe, known to be one of the major providers of gambling options in California. Under the terms of their recently signed agreement, Gaming Realms will deliver its bingo game to Pala Interactive’s online bingo website and will receive a portion of the annual revenue generated by the brand.
Prior to that latest agreement, Gaming Realms’ activity in the US was mainly related to the provision of products and services for the land-based, lottery scratchcard, and social casino markets.
Commenting on the latest announcement, Gaming Realms CEO Patrick Southon said that the company’s foray into the US real-money online gambling market is an important milestone for them. He further noted that Pala Interactive’s decision to opt for the developer’s content is indicative of their ability to create high-value gaming titles.
Mr. Southon pointed out that the latest deal is also an important step towards Gaming Realms establishing itself as a multi-national developer and supplier of gaming content and related solutions with presence in the growing mobile gaming market.
Pala Interactive was granted its transactional waiver by the New Jersey gambling regulator in November 2014. It has partnered with Atlantic City’s Borgata Hotel Casino & Spa to supply the gambling venue with its online gaming platform and to provide both online poker and casino games to residents of the state.
