PLAYWIZE SIGNS 3D POKER PARTNERSHIP WITH LADBROKES
Two year exclusive agreement
Publicly listed software developer Playwize plc (formerly Bits Corp plc) has inked a development and supply agreement on Internet 3D poker software with Ladbrokes International Limited, a subsidiary of top UK gambling group Ladbrokes plc.
Under the terms of the agreement, Playwize will develop and licence to Ladbrokes an exclusive version of its innovative online 3-D poker for use by players on the Ladbrokes poker network.
The two-year agreement provides for a contribution towards development costs in the form of a development fee and ongoing licensing fees under a revenue sharing arrangement with Ladbrokes.
Foo Katan, Chief Executive of Playwize said: "We are very excited about creating a poker room for Ladbrokes that incorporates advanced 3-D technology with our exclusive features including real-time statistical calculators, interactive tutorial and live voice chat. The agreement represents the first step in the company's new strategy to develop and license its online 3-D poker technology to third-party poker rooms; the company anticipates that more agreements will follow."
Colin Cole-Johnson, Director of Gaming at Ladbrokes, said: "The Playwize 3-D software has an impressive interface that is supported by unique interactive player development content, so we firmly believe this will broaden the appeal of online poker. Importantly, the new 3-D platform is fully integrated with our existing software so this will help us build liquidity".
Two year exclusive agreement
Publicly listed software developer Playwize plc (formerly Bits Corp plc) has inked a development and supply agreement on Internet 3D poker software with Ladbrokes International Limited, a subsidiary of top UK gambling group Ladbrokes plc.
Under the terms of the agreement, Playwize will develop and licence to Ladbrokes an exclusive version of its innovative online 3-D poker for use by players on the Ladbrokes poker network.
The two-year agreement provides for a contribution towards development costs in the form of a development fee and ongoing licensing fees under a revenue sharing arrangement with Ladbrokes.
Foo Katan, Chief Executive of Playwize said: "We are very excited about creating a poker room for Ladbrokes that incorporates advanced 3-D technology with our exclusive features including real-time statistical calculators, interactive tutorial and live voice chat. The agreement represents the first step in the company's new strategy to develop and license its online 3-D poker technology to third-party poker rooms; the company anticipates that more agreements will follow."
Colin Cole-Johnson, Director of Gaming at Ladbrokes, said: "The Playwize 3-D software has an impressive interface that is supported by unique interactive player development content, so we firmly believe this will broaden the appeal of online poker. Importantly, the new 3-D platform is fully integrated with our existing software so this will help us build liquidity".
