CARLSBAD, Calif., June 6, 2017 /PRNewswire/ -- NTN Buzztime, Inc. (NYSE MKT: NTN) signed a strategic licensing agreement with Scientific Games (NASDAQ: SGMS) to deliver Buzztime trivia as part of Scientific Games' Elite Bonusing Suite ("EBS") offered to casino operators around the world. The game will provide a unique bonusing experience unlike any other and will help casinos provide exciting new tournaments that keep players engaged and entertained.
As part of this agreement:
- Scientific Games will offer a customized version of Buzztime's Trivia in single packs and bundles directly to their casino customers for a license fee.
- Buzztime Trivia can be delivered through Scientific Games' EBS and create a community gaming experience.
- During slot tournaments, casinos can end device downtime and mitigate lost revenue as players can compete in Buzztime bonus games for prizes right at the device.
Scientific Games' Tom Doyle, VP product management, said, "Casinos want to increase player duration, create engaging experiences, and increase loyalty. Buzztime has achieved these goals for over 30 years at bars and restaurants, where the dynamics are similar to those at casinos. We think introducing fun bonusing games like Buzztime in our Elite Bonusing Suite will be an exciting new way for casinos to attract and engage players, especially during slot tournaments."
Ram Krishnan, NTN Buzztime Chief Executive Officer, said, "Scientific Games is a leader in gaming technology and loyalty program innovation. We have goals that are well aligned, and we are proud to have been selected as Scientific Games' partner to deliver this one-of-a-kind gaming experience.
"This agreement exemplifies our strategy to leverage our existing game investments into new revenue streams. Our software – standalone or integrated into our customizable handheld tablet – is highly scalable. And, Buzztime has a strong reputation for working well with other companies to achieve their goals. We are excited to grow our business by bringing our expertise to more markets and to deliver impact for their customers," Krishnan said.
Buzztime (NYSE MKT: NTN) delivers interactive entertainment and innovative dining technology to bars and restaurants in North America. Venues license Buzztime's customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games, nationwide competitions, personalized menus and self-service dining features. Buzztime's platform improves operating efficiencies, creates connections among the players and venues, and amplifies guests' positive experiences. Founded in 1984, Buzztime has accumulated over 9 million player registrations and over 136 million games were played in 2016 alone. For more information, please visit http://www.buzztime.com or follow us on Facebook or Twitter @buzztime.
Buzztime Company Contacts
Kirsten Chapman (415) 433-3777
Dave Miller, SVP Marketing (760) 930-1147
Buzztime Forward-looking Statements
This release contains forward-looking statements which reflect management's current views of future events and operations. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include statements about our relationship with Scientific Games, product performance and scalability, the value of our product to our customers and their guests, acceptance of our product in the marketplace, new revenue streams and our growth plans. Please see NTN Buzztime, Inc.'s recent filings with the Securities and Exchange Commission for information about these and other risks that may affect the Company. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized.
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SOURCE NTN Buzztime, Inc.