Zone4Play, Inc. ("Zone4Play" or the "Company") (OTCBB: ZFPI), a leading developer of interactive software and technology for the betting and gaming industry, announced today that world-leading online gaming operator Golden Palace Ltd has signed an investment agreement with RNG Gaming Ltd., an indirect subsidiary of the Company and with Gaming Ventures plc, a subsidiary of the Company. RNG is a subsidiary of Gaming Ventures, which the Company formed and intends to spin off to its shareholders once certain regulatory approvals are obtained. RNG Gaming Ltd. was established to further develop and license the Black Jack gaming technology to third parties based on a license fee and revenue share basis.
Golden Palace and Zone4Play expect that Blackjack's rising popularity will continue to grow worldwide. As Multiplayer Poker has become one of the fastest growing segments of the online gaming market, the Company believes that the Multiplayer blackjack tournaments have the chance to become similarly popular.
Under the current agreement, Golden Palace will invest $600,000 in exchange for 20% equity in RNG Gaming Ltd., with an option to acquire an additional 30% stake in the company at a valuation of $18m. Through the added value brought by Golden Palace's vast experience and longstanding market leadership, the current investment marks the industry's seal of approval for the white label model RNG Gaming.
"The Tournament Blackjack software is an exciting new addition to the Golden Palace group of games," said GoldenPalace.com CEO. Richard Rowe. "We expect Tournament Blackjack to skyrocket in popularity, and Golden Palace will be at the forefront of this new trend. RNG Gaming's superior software coupled with Golden Palace's ten-year tradition of online gaming excellence is a winning combination."
"While making headway with the spin-off of our exciting new multiplayer Black Jack gaming technology, we are thrilled to have industry leader Golden Palace as a partner", commented Shimon Citron, CEO and Founder of Zone4Play. "This agreement is not only a notable vote of confidence in the software; it serves as yet another testament to the success of our market strategy and innovative technology - and proves that we are playing to win."
About Zone4Play
Zone4Play, a leading developer of interactive software and technology for the betting and gaming industry, delivers cross-platform solutions that are built for mass participation gaming. Zone 4 Play is a software and technology provider to UK bookmakers, online gaming operators, betting exchanges and to US cable, satellite and hospitality service providers, delivering online solutions, mobile solutions, interactive TV solutions and participating SMS-TV solutions. Zone4Play works with industry giants such as British Telecom, Coral Eurobet, Betfair, Channel 5 (UK), cablevision and Lodgenet .For more information visit http://www.Zone4Play.com, the content of which is not part of this press release.
About Golden Palace:
Established in 1997, GoldenPalace.com is one of the pioneers of the online casino industry. With over 90 casino games, one of the world's leading multi-player poker rooms, and wireless mobile gaming, players can enjoy the Golden Palace games anytime anywhere.
For more information, go to http://www.GoldenPalace.com., the content of which is not part of this press release.
Safe Harbor for Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we say that we expect that Blackjack's rising popularity will continue to grow worldwide, or that we believe that as Multiplayer Poker has become one of the fastest growing segments of the online gaming market, the Multiplayer blackjack tournaments have the chance to become similarly popular, or that the agreement with Golden Palace serves as yet another testament to the success of our market strategy and innovative technology - and proves that we are playing to win, we are using a forward looking statement. These forward-looking statements are based on the current expectations of the management of Zone4Play only, and are subject to a number of factors and uncertainties that could cause actual results, performance or achievements of Zone4Play, including revenues, income and expenses, to differ materially from those described in or implied by these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; decline in demand for Zone4Play's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, strength and growth of the gaming industry, gaming regulatory environment, and other factors over which Zone4Play may have little or no control. Except as otherwise required by law, Zone4Play undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Zone4Play, reference is made to Zone4Play's reports filed from time to time with the Securities and Exchange Commission.
Press contact:
Rinat Rond,
Koteret Public Relations,
Email: rinat_r@koteret.com or Tel: +972-3-575-5778 x112.
In addition to online casino news hot off the presses, OCN shows you the best first deposit bonuses at the best online casinos on the web. We've spared you the search by putting together a list of the latest and greatest first deposit bonuses around. So, all you have to do is click and enjoy!
| Name | First Deposit |
|---|
| $777 Welcome Bonus |
| 500$ |
| 150% up to $150 |
| up to 350$ |
| 100% match upto $200 |
| 1000% |
| 100% up to $500 |
Most Recommended Casino Books
The release of a new game is always a special event in the gambling industry, but when Microgaming, ...
The sixth annual European i-Gaming Congress and Expo got underway at the spacious Barcelona Diagonal...
The United States government released proposed guidelines for the Unlawful Internet Gambling Enforce...
On October 1, 2007 the Federal Reserve and the Department of the Treasury released their joint repor...
Although the passage of the UIGEA last year made it difficult for American players to gamble online,...
Are the new lax gambling laws causing more and more Britons to be under the sway of compulsive gambl...
You may have a surprise in your Full Tilt Poker Account today! After recent allegations that bots we...
Coming off a 26th-place finish at the World Series of Poker, Rancho Mirage's Roy Winston won the Bor...
But the Gloucester Township homemaker never expected another fight -- this time with bureaucrats -- ...
It should come as a surprise to no one that charity-poker games have emerged in recent years as an i...
Spurred by the three-month success of high stakes poker, the Naples-Fort Myers Greyhound Track’s pok...
Online Casino Group Betfair has announced that it has boosted its IT energy efficiency to support it...
Rumors have been circulating for a while now about the future of 32Red.com and its Gibraltar-based B...
CryptoLogic has announced that they have received exclusive rights to make slots and other casino ga...
Since the beginning of the U.S. Presidents first term, the Bush administration has been trying to ke...
The coastal casino in the State of Mississippi have had a diffilcutl few years, yet it seems that th...
Her Majesty Queen Elizabeth II recently found that not only was she one of the most richest women in...
It seems that there is no limit to how low some online casinos can go in order to secure a profit. V...
After a 10-month investigation into the slimy world of Internet "casinos or sports books", Americas ...
It looks like the team behind Online-Casinos.com want to make their online casino portal a fun place...
Positive Experience Begins Even Before Guests Step Out of Their Cars at Harrah's, St. Louis Casino &...
Penghu, a set of islets off Taiwan, is trying to be the next Macao by building a casino town to lure...
The battles against the draconian UIGEA seems to be gaining momentum in the world courts. Here are t...
The Online Casino industry has experienced the worst setback that it ever has since UIGEA. However, ...
The recent British Online Gambling Act has sent the online casino industry into a flurry of exciteme...
As agreed by all interested parties, the hearing that was to take place on the issue of repealing th...
eCOGRA, the world's Internet Pilce Officer, has announced that it approves of the measures taken in ...
Playtech has announced that its Cheif Financial Officer, Shuki Barak, is leaving the group. ...
The Gambling Act is the first peice of legislation that has been passed in the UK about gambling. Wh...
Have you committed a crime in order to pay gambling debts? When you gamble, do you go back another d...
America’s Attorney General Alberto Gonzales has at long last bowed to pressure and has resigned from...
As of today, online gambling in the United Kingdom, as well as advertising from online casino operat...
PartyGaming PartyGaming published their first-half interim results this week, reporting an expected ...
In papers filed today, the US District Court of New Jersey, Trenton Division, has granted a motion o...
Malta is the next online casino superpower, it seems. Here is the storty how a little country draws ...
For some addicts, a casino can be the root of all evils. For others, a fix can come from visiting th...
The new piece of legislation banning advertisements in the UK has caused some stir in the online gam...
Pachinko has become one of the most popular games in the world. Here are a few tips that will help y...
Dynasty Gaming Inc has announced another resignation from the company, this time in the form of Boar...
| Name | Payout | |
|---|---|---|
 |
Crystal Palace Casino | 97.5%
|
 |
||
 |
Cool Cat Casino | 98%
|
|
||
 |
Rushmore Casino | 97.2%
|
|
||
 |
Super Slots | 98.9%
|
|
||
 |
Sun Palace Casino | 98.2%
|
|
||
 |
Club USA Casino | 97.5%
|
|
||
 |
BetUS | 99%
|
|
||
Online Casino News - news
from the world of
online casinos RSS Feed.
The OCN directory is currently in development and will be available soon. If you are interested in adding a link, just click on the “Add Link” button. Thanks for your patience.
You do not need prior permission to link to any of the pages on this site. Limited copyright is granted for you to use and/or republish any of the articles on this site for any legitimate media purpose as long as you reference OCN as the source, and include a link referring the reader to the OCN site.