American remote games and technology developer Boom Entertainment has announced the signing of an alliance that will see it supply its innovations to prominent iGaming operator Golden Nugget Online Gaming Incorporated for use across the United States and Canada.
The New York-headquartered developer used an official Monday press release to declare that the ‘multi-faceted partnership’ is to encompass its full mobile-friendly ‘portfolio of products and services including its casino games library and remote games server’ and also involve the exclusive creation of ‘innovative content and gaming technology’ for Golden Nugget Online Gaming Incorporated.
Buckeye bounce:
Formerly known as Boom Sports, Boom Entertainment is responsible for a selection of award-winning free-to-play and real-money sportsbetting games such as its flagship NBC Sports Predictor title and it stated that the new alliance will moreover give Golden Nugget Online Gaming Incorporated ‘market access via its rights in Ohio.’
Assorted advantages:
Stephen Murphy serves as the Chief Executive Officer for Boom Entertainment and he used the press release to proclaim that Golden Nugget Online Gaming Incorporated participated as a minority investor in his firm’s recent financing round and is to now additionally benefit from ‘other assets and capabilities’ that are to run from free-to-play gaming and sportsbetting content to market access and casino technologies.
Read a statement from Murphy…
“We are excited to work with an incredible operator in Golden Nugget Online Gaming Incorporated. Our mission is to fuel the biggest winners in sportsbetting and casino gaming whether they are operators, leagues, retail establishments or media companies. We are excited to add our mark to Golden Nugget Online Gaming Incorporated’s award-winning product.”
Pervasive partner:
For its part and Houston-headquartered Golden Nugget Online Gaming Incorporated is already well stablished in the iGaming scenes of Pennsylvania and New Jersey via locally-approved versions of its domain at GoldenNuggetCasino.com. The Nasdaq-listed operator’s latest deal comes only a week after it agreed to be bought by American online sportsbetting behemoth DraftKings Incorporated as part an arrangement that valued its business at approximately $1.56 billion.
Ardent advocacy:
Thomas Winter, President for Golden Nugget Online Gaming Incorporated, used the press release to describe his company as ‘a leading online gaming company that is considered a market leader by its peers’ thanks to its ground-breaking introduction of live-dealer entertainment to the iGaming market of the United States.
Winter’s statement read…
“We are thrilled to enter this long-term relationship with Boom Entertainment as its team has an impressive track record in the gaming industry and we believe this partnership will help Golden Nugget Online Gaming Incorporated continue to differentiate itself in the market with a premier and unrivaled gaming product.”
Friendly financials:
In related news and Golden Nugget Online Gaming Incorporated used its own Monday press release to disclose that its accumulated revenues for the first half of the year had increased by 38.6% year-on-year to $58 million with its tally for the three months to the end of June standing some 27.7% better off at $31.7 million. The operator additionally explained that this took its net income for the six-month period up to $68.1 million, which was far better than the $4.3 million it recorded for the analogous 2020 period, although it chalked up an associated second-quarter loss of $1.6 million.
Growing ground:
Looking further ahead and Golden Nugget Online Gaming Incorporated divulged that the first half of 2021 had furthermore seen it sign market access deals for Arizona and Ohio to take its overall footprint to 14 states and 33% of the Unites States’ population. It finished by asserting that this should help its future adjusted earnings before interest, tax, depreciation and amortization, which sank by 151% year-on-year during the six-month period to a deficit of $7.4 million primarily due to its investment in emerging markets such as Michigan.
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