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Cineplex Inc. and VRstudios Inc. Announce Partnership

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Cineplex Inc. and VRstudios Inc. Announce PartnershipReading Time: 4 minutes

 

Agreement Includes Equity Investment, Commercial Partnership and Expansion Opportunities. Company Plans to Roll-Out 30-40 Virtual Reality Installations in Canada

 

Cineplex, a leading entertainment and media company, announced a strategic partnership with VRstudios, Inc. (“VRstudios”), the largest provider of turnkey, location-based virtual reality solutions in the world. The agreement includes a commercial partnership and an investment by Cineplex to acquire a significant ownership interest in VRstudios. The financial terms were not disclosed.

In addition to installation opportunities at existing Cineplex-owned properties – including its theatre network and location-based entertainment (LBE) network – the agreement also provides broader expansion opportunities in North America and around the globe. Founded in 2014 and based in Seattle, Washington, VRstudios’ product solutions are sold in various configurations for untethered multiplayer, free-roaming, room-scale and warehouse-scale commercial VR attractions. It features eight unique VR experiences in environments ranging in size from 100 to 2,400 square feet.

With more than 65 systems deployed to customers in 15 countries, plus another 120 commercial VR attractions powered by its AMP management software, VRstudios has the largest global installation footprint today and provides virtual reality solutions to popular entertainment destinations including theme parks, arcades, amusement parks, family entertainment centres, casinos and movie theatre complexes. Cineplex has recently installed a VRstudios attraction at The Rec Room in South Edmonton, Alberta, and plans to open approximately 30-40 additional locations across its theatre and LBE networks in Canada by the end of 2021.

“We are not just deploying VR across our network, we are strategically investing in the market to create new revenue streams as well as critical mass and scale for growth. We are proud to be leading the way in the burgeoning location-based VR market,” said Ellis Jacob, President and CEO, Cineplex. “VRstudios’ product portfolio base has obvious application opportunities across the Cineplex ecosystem, and we are particularly excited about growth opportunities for Player One Amusement Group.”

One of North America’s leading providers of interactive video, redemption and amusement gaming equipment, Player One Amusement Group (P1AG) specializes in solution servicing and design for a wide range of customers in the theatrical exhibition vertical as well as community-based entertainment destinations such as bowling centres, restaurants, arcades, shopping centres and water parks. The agreement announced today creates opportunities for P1AG to work closely with VRstudios to manage the sale, support integration and maintenance of VRstudios’ portfolio of systems in North America.

“Cineplex is one of the world’s leading entertainment companies and we are honoured to be working in partnership with them to drive further innovation in the location-based VR marketplace,” said Kevin Vitale, Chief Executive Officer, VRstudios. “There is great synergy in our respective visions for scaling VR in commercial entertainment and the enterprise-wide strategy to make it happen.”

VRstudios offers a complete, customizable end-to-end virtual reality solution that includes an Attraction Management Platform™ for location-based entertainment businesses. Designed from the ground up, these systems facilitate amazing experiences which cannot be duplicated by in-home consumer virtual reality platforms. Emphasizing turnkey installation, easy-operation, training and support as well as owner profitability, the VRstudios solutions utilizes commercial-quality, patent-pending technology to offer ultimate virtual reality attractions.

Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of applicable securities laws, such as statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in Cineplex’s Annual Information Form (“AIF”). Those risks and uncertainties include: adverse factors generally encountered in the film exhibition industry such as poor film product and unauthorized copying; risks associated with national and world events, including war, terrorism and international conflicts; natural disasters or extreme weather conditions; infectious diseases; changes in income tax legislation; and general economic conditions. In addition, these risks and uncertainties include: the ability to achieve the expected synergies and the timing of same; the effectiveness of integration efforts and risks related to the satisfaction of the conditions to closing the transaction; and the related financing arrangements, including future general economic and market conditions and the associated debt and equity capital markets. Many of these risks and uncertainties can affect our actual results and could cause our actual results to differ materially from those expressed or implied in any forward-looking statement made by us or on our behalf. All forward-looking statements in this press release are qualified by these cautionary statements. These statements are made as of the date of this press release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of Cineplex, its financial or operating results or its securities.

About Cineplex:
A leading entertainment and media company, Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. As Canada’s largest and most innovative film exhibitor, Cineplex welcomes over 70 million guests annually through its circuit of 165 theatres across the country. Cineplex also operates successful businesses in digital commerce (CineplexStore.com), food service, alternative programming (Cineplex Events), cinema media (Cineplex Media), digital place-based media (Cineplex Digital Media), amusement solutions (Player One Amusement Group) and an online eSports platform for competitive and passionate gamers (WorldGaming.com). Additionally, Cineplex operates a location based entertainment business through Canada’s newest destination for ‘Eats & Entertainment’ (The Rec Room), and will also be opening new complexes specially designed for teens and families (Playdium) as well as exciting new sports and entertainment venues across Canada (Topgolf). Cineplex is a joint venture partner in SCENE, Canada’s largest entertainment loyalty program.

Proudly recognized as having one of the country’s Most Admired Corporate Cultures, Cineplex employs approximately 13,000 people in its offices across Canada and the United States. To learn more visit Cineplex.com or download the Cineplex App.

About VRstudios:
VRstudios is a pioneer and leader in delivering turn-key large-scale, multiplayer, free-roaming commercial VR attraction systems for the LBE industry. The company offers a product line of complete solutions that can be quickly installed and efficiently operated, VRstudios is a one-stop-shop that makes it easy for owners and operators to offer innovative virtual reality attractions to their visitors. VRstudios launched in 2014 and has shipped over 65 systems to 15 countries.

Source: Cineplex


Source: European Gaming Media

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Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 Properties

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Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 PropertiesReading Time: 2 minutes

 

Luxury gaming manufacturer and electronic table game (ETG) market leader, Interblock, announced today their partnership with Penn National Gaming Inc..

The corporate partnership agreement with Penn National will include installations at over 20 properties of the company’s portfolio across the United States, and guarantees Penn National exclusivity on newly released products. Interblock’s extensive product portfolio will allow Penn National to offer Blackjack, Baccarat, Roulette and Craps in an array of formats from Standalone Automated and Video units, BarTops, Live and/or Automated Stadiums and Pulse Arenas.

Interblock’s CEO, John Connelly, said, “Penn National has long been regarded as one of the leading operators in North America and Interblock’s ability to work with an operator of this caliber is incredibly fortunate for our company.  We intend to use a combination of technology and innovation to help Penn reduce operating expenses across their properties, while increasing revenue.

“This partnership allows for Interblock to introduce several product segments designed for various casinos within the Penn portfolio.  Everything from Stadiums to standalone units will be utilized to address the demands within each region.

“We are thankful to Penn National for this opportunity and will work hard to make this partnership a success!”

Amongst the first properties to install as part of the deal are Hollywood Lawrenceburg, Ameristar East Chicago and Hollywood Toledo. Each property will install Interblock’s industry leading Diamond Stadiums, which attract existing and new players alike to the next generation of gaming.

The Diamond Stadiums are completely customizable to work with each casino’s unique floorplan and customer base. An unlimited number of play stations can be connected to a single table or generator, providing operators with an effortless way to generate revenue while simultaneously reducing operator expenses. Configured with dealer assist tables, automated generators and/or video generators the stadiums provide Multi-hand Blackjack, Baccarat, Roulette and Craps games to patrons from a single play station. Operators are able to turn a dealer assist table into an automated stadium with the touch of a button during non-peak hours allowing for non-stop revenue generation.

“We’ve long been fans of Interblock’s electronic table games products and are pleased to be able to offer them at more than 20 of our company’s leading properties,” said Dan Cherry, Vice President of Gaming Operations for Penn National Gaming.

 

About Interblock:

Interblock® is a worldwide leading developer and supplier of luxury electronic table gaming products. Its multi-player gaming devices set industry standards and provide the ultimate in luxury interactive entertainment experiences. The Interblock brand is globally recognized for diamond quality gaming solutions and technical support in more than 200 jurisdictions. Interblock’s exclusive collection of fully and semi-automated electronic gaming tables and video gaming solutions provide casinos, arcades and gambling halls with superior product performance and their guests with an unforgettable gaming experience. For more information, visit www.interblockgaming.com or call +1 (702) 260-1384.

About Penn National Gaming:

Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. Reflecting the recent acquisitions of Pinnacle and Margaritaville, the Company operates 41 facilities in 18 jurisdictions. In total, Penn National Gaming’s facilities feature approximately 50,000 gaming machines, 1,200 table games and 8,400 hotel rooms. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 Properties

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iSoftBet gets the party started with Piñata Fiesta

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iSoftBet gets the party started with Piñata FiestaReading Time: 2 minutes

 

Latest title from innovative provider is filled with fun features

 

iSoftBet, the market-leading online and mobile casino software provider, has unveiled its latest fun-filled release, Piñata Fiesta.

The 5×3 slot, has all the ingredients needed for a fantastic fiesta, including guitar symbols, margaritas, as well as a number of colourful characters, and of course, a piñata.

With Popping Wilds, a Mega Spiñata which can fill 3 reels, or Grande Reels with stacked wilds, Piñata Fiesta is one of the most action packed slots in iSoftBet’s portfolio.

If a player smashes the piñata, random features will be triggered, giving players a chance at huge wins. The game also features a Free Spins bonus, during which the random features appear more frequently to take the fiesta fun to the next level.

Piñata Fiesta is the latest release from iSoftBet, following on from the thrilling Book of Immortals, to join iSoftBet’s offering of hundreds of proprietary slot games.

Michael Probert, Chief Commercial Officer at iSoftBet, said: “We are delighted to release Piñata Fiesta, one of the most thrilling and feature-filled slots in the iSoftBet portfolio.

“With its fun-packed reels and colourful characters, Piñata Fiesta promises to be the party slot of the summer.”

As with all iSoftBet games, Piñata Fiesta is supported in both landscape and portrait modes when run on mobile devices and has a wide range of currency and language options.

 

About iSoftBet

iSoftBet is a premium online and mobile casino software and games supplier, providing leading gaming products to some of the world’s largest and most successful brands. With extensive experience and a comprehensive selection of best-performing games, iSoftBet is at the forefront of innovation and our tailor-made solutions are designed to meet our operator partners’ every need.

Our games suite includes a wide range of unparalleled proprietary video slots, table games, exclusive branded games from some of the world’s largest TV and movie production companies such as 24 and Paranormal Activity, and an advanced Game Aggregation Platform (GAP), allowing iSoftBet to offer online casinos rapid, one-time integration to more than 30 of the industry’s leading online and mobile game software providers. iSoftBet games are built using the latest technology including HTML5 desktop and mobile compatible software.

The iSoftBet offering includes a comprehensive back office system allowing operators to create bespoke promotions, offer a wide range of player bonuses and rewards, as well as harvest and track real-time game performance data. iSoftbet is committed to responsible gaming and complies with the most stringent global regulatory bodies. We are licensed in the UK and Alderney and are approved to distribute content in multiple regulated markets including Belgium, Italy, Spain, Portugal and Romania.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: iSoftBet gets the party started with Piñata Fiesta

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VIE.gg Partners with Epsilon to Raise Charity Fund through P2P Esports Betting

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VIE.gg Partners with Epsilon to Raise Charity Fund through P2P Esports BettingReading Time: 1 minute

 

VIE.gg, a member of the Esports Integrity Coalition, has made a partnership with Epsilon Esports to raise money for charities through P2P esports betting between fans and three Epsilon CS:GO players Teodor “SPELLAN” Nikolov, Kia “Surreal” Man, and Nils “k1to” Gruhne.

Each player has chosen an individual charity to support, with Surreal choosing to donate his winnings to Cancer Research UK and k1to picking Holidays From Cancer. SPELLAN has chosen Teach For Bulgaria.

Several times per week, each of the Epsilon players will place a bet of their choosing on a team that they think will win. At the end of May, all total winnings will be tallied and audited, with final donations being made to each charity.

“This is a fantastic initiative between VIE.gg and our players, and we are extremely proud to take part in helping to make the world a better place. The trio, K1to, Surreal and SPELLAN have chosen to donate their winnings to worthy charities that have important meaning to each of them and I know they look forward with great excitement to challenging esports fans.” said, Gregory Champagne, Chief Executive Officer at Epsilon Esports.

Brian Cordry, Head of Esports at VIE.gg, added, “It’s a pleasure to get to work directly with players that genuinely want to make a difference using our website. Each of these guys coming up with a charity that they want to support shows that they care about giving back to both the local and online communities. I’m excited to see how much money the guys can raise for their great charitable causes.”


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: VIE.gg Partners with Epsilon to Raise Charity Fund through P2P Esports Betting

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