FastForward Innovations Limited Investee Company Update: Leap Gaming (1284S)
06 Julio 2020 - 4:31AM
UK Regulatory
TIDMFFWD
RNS Number : 1284S
FastForward Innovations Limited
06 July 2020
FastForward Innovations Ltd / AIM: FFWD / Sector: Closed End
Investments
6 July 2020
FastForward Innovations Ltd ("FastForward" or, "FFWD")
Investee Company Update: Leap Gaming
FastForward Innovations Ltd, the AIM quoted company focusing on
making investments with a focus on disruptive high growth
technology and life sciences business, is pleased to announce that
its investee company Fralis LLC ('Leap Gaming') has entered into an
agreement with Stoiximan/Betano, the leading online gaming operator
in Greece and one of the fastest growing in Europe with more than
300,000 active users in sports betting, virtual sports, casino and
fantasy sports, to offer its complete portfolio of virtual sports
through the company's online brands. FastForward has a 43.4%
interest in Leap Gaming.
Ed McDermott, CEO of FastForward, commented: "We are delighted
that Leap Gaming has entered into this agreement with
Stoiximan/Betano representing another step in its exciting growth
phase as it continues to rapidly develop new products, create new
partnerships and expand its global reach to build its market share.
Leap has seen a 95% year-on-year increase in revenues in the first
five months of 2020 and we look forward to providing further
updates as it continues to expand the reach of its cutting edge
immersive games."
The announcement is set out below without any material changes
or adjustments.
Stoiximan/Betano partners with Leap Gaming to launch Virtual
Sports product suite.
Malta - (6 July 2020) Leap Gaming, a leading supplier of virtual
sports and casino products has entered into an agreement with
Stoiximan/Betano to offer its complete portfolio of virtual sports,
through the company's online brands.
Leap Gaming's innovative product suite includes Football,
Tennis, Golf, Horse Racing, Greyhounds, Speedway and Trotting. The
full suite of on-demand and scheduled virtual sports will offer
Stoiximan/Betano customers an enhanced user experience and add to
the group's growing virtual sports offering.
Andreea Spiteri, LEAP Gaming's Customer Success Manager, stated:
"We are delighted to partner with Stoiximan/Betano and provide our
virtual sports to their extensive footprint. Stoiximan/Betano is
one of the fastest growing operators in Europe and gone from
strength to strength in the last few years. We are confident Leap's
virtual sports suite will complement Stoiximan's and Betano's
gaming and sports portfolio extremely well; and we look forward to
starting a meaningful and long-lasting partnership."
Stoiximan/Betano's Virtual Sports Manager, Vangelis Kalloudis
stated: "Virtual sports betting is an integral part of our
portfolio providing a constant flow of events to our customers. Our
partnership with Leap Gaming, a top tier virtual sports provider,
enriches our content and enhances our customer product offer. The
virtual sports content we receive from Leap Gaming and the pipeline
of new games which they are working on, will further enhance our
Virtual Sports portfolio, providing high level of entertainment to
our customers."
The partnership following a successful integration of the
products, which included customization and localization of assets
to cater specifically to Stoiximan/Betano's needs. which have
confirmed smooth rollout of the products across Desktop, Mobile and
Native applications for the Stoiximan brand in Greece.
About Stoiximan/Betano
Stoiximan / Betano is the leading online gaming operator in
Greece and one of the fastest growing in Europe, operating under
license in Germany, Portugal, Romania, Greece and Cyprus with more
than 300,000 active users in sports betting, virtual sports, casino
and fantasy sports. The company was started in Greece 2013 and has
since then evolved to over 700 employees across all countries of
operation. With a focus in cutting edge technology and people,
Stoiximan / Betano implements an extensive sports sponsorships
program and a series of CSR initiatives focusing in technology,
safetainment and sports.
About Leap-Gaming
Leap is a developer of high-end gaming virtual sports and casino
applications. Its games are offered by online and retail gaming
operators worldwide and generate tens of thousands of engagement
points with end-users. Leap's content is driven and backed by
state-of-the-art technologies mainly around 3D generation
infrastructure. It takes pride in delivering modular solutions to
gaming operators while paying close attention to advanced UI/UX and
blurring the boundaries between virtual and reality.
ENDS
For further information on the Company please visit www.fstfwd.co or contact:
Ed McDermott / Lance FastForward Innovations Email: info@fstfwd.co
de Jersey Ltd
James Biddle / Roland Beaumont Cornish Tel: +44 (0) 207
Cornish Limited, 628 3396
Nomad
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Jeremy King Optiva Securities Tel: +44 (0) 203
Limited, 411 1881
Broker
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Isabel De Salis / Beth St Brides Partners Tel: +44 (0)207
Melluish Ltd, 236 1177
Financial PR
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Notes
FastForward Innovations is an AIM quoted investment company
focused primarily on disruptive high growth life sciences and
technology businesses particularly within the medical cannabis
arena. The Company's strategy is to identify early stage
opportunities that have an upcoming investment catalyst and grow
its portfolio in terms of value whilst limiting the number of
investee companies to a level where relevant time can be devoted to
each.
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