Playtech acquires Win Gaming Media assets

In addition, Win Gaming Media and Playtech have signed a license and service agreement for Win Gaming Media’s UK-based subsidiary, Two Way Gaming, under which Playtech granted WGM a non-exclusive license to use the software products for the sole purpose of providing support and maintenance services to Two Way Gaming Limited.

Shimon Citron, CEO of Win Gaming Media, said: "As a result of the agreement with Playtech, we are bolstering our balance sheet and regaining financial stability, as well as dramatically reducing our operational costs. We are excited to collaborate with Playtech in what we anticipate to be a beneficial and long-term fruitful relationship through our license agreement. This new business venue shifts our focus to our subsidiary, Two Way Gaming, and the exceptional opportunities we face by working with Virgin Media TV, in nourishing and expanding the “Challenge Jackpot” gaming channel which launched on July 1, 2008."

"Win Gaming Media is now free to pursue further sales of certain assets that will broaden its cash basis by generating new revenue share opportunities. I trust that the focus on Two Way Gaming and adding new revenue shared business collaborations will contribute to the growth of the company in the near future", added Citron.