Progressive Gaming International Corporation has signed a licensing agreement with Cantor Gaming for the development of a mobile gaming system.
Progressive Gaming International Corporation, the premier provider of content products and services in the gaming industry worldwide, will license the games on Cantor's mobile gaming system in Nevada and other places where Cantor mobile gaming system is allowed worldwide.
The licensed games will include Texas Hold'em Bonus Poker and Caribbean Stud Poker.
Another agreement is in the works for Progressive's sports systems that will includes the Rapid Bet Live, a sports betting system.
With the expertise of Progressive Gaming International and Cantor Gaming in their specific areas, both companies are expected to implement new innovative sports betting propositions.
The sharing agreement on revenues for the mobile games has a period of twenty years worldwide which includes a five year exclusive contract in Nevada.
CEO Russ McMeekin, Chief Executive Officer of Progressive Gaming, had announced that they are excited about the partnership with Cantor Gaming.
Meanwhile, Joe Asher, Cantor Gaming Managing Director said that the partnership will further enhance the standing of Cantor Gaming in the mobile gaming world.
The mobile games are expected to be released worldwide including in Venetian Resort Hotel Casino and Palazzo Resort Casino in Nevada.
17, 2006
Nancy Parker