Developer of diverse content for the international gaming and lottery industry Gaming Realms announced today that it has signed a strategic five-year agreement with provider of gaming and lottery products Scientific Games.
Under the terms of the deal, Scientific Games will be granted the exclusive rights to produce Slingo-branded slot machines and to distribute them to brick-and-mortar casinos and other gambling venues around the world.
The two companies have not disclosed any financial details on their latest agreement.
Under a previous deal between Gaming Realms and Scientific Games, the latter was authorized to produce scratch lottery tickets under the Slingo brand. The said lottery deal has been considered one of the most successful such agreements within the global lottery industry. It resulted in more than $1 billion being generated in ticket sales across 36 US states and 3 international lottery markets.
As mentioned above, in addition to the existing lottery ticket deal, the new five-year agreement provides for the development of new slot games for traditional slot machines, on-property handheld devices, and video lottery terminals. The gaming content will be Slingo-branded but will be produced and developed by Scientific Games.
Under the new deal, Gaming Realms would receive a minimum guaranteed royalty stream within the first two years. The gaming content developer purchased the Slingo brand and assets from former owner RealNetworks in July 2015. Since then, Gaming Realms has been extending the Slingo brand’s market reach.
The company, which specializes mainly in the development and distribution of mobile gaming product offering, has said that the latest agreement represented the next step to its growth strategy.
Commenting on today’s announcement, Patrick Southon, Chief Executive of Gaming Realms, said that the latest agreement comes as an extension to his company’s existing agreement with Scientific Games, which proved to be extremely successful. The deal would provide Gaming Realms with the opportunity to bring the Slingo brand to slot machines in a number of land-based casinos located in all four corners of the world, with those being distributed by a market leader in the provision of products and services for the international gambling industry.
