Two-Way Limited will not become Three-Way after deciding to put an end to discussions with Priority One Network Group Limited. A release from the company stated that both parties have agreed to “release each other from their obligations under the Merger Implementation Agreement dated 29 June 2012”. Whatever it was that Two Way found out meant they “cannot be reasonably expected to proceed with making a takeover bid of Priority One”. In addition Priority One will now go forward with a listing on the ASX and become one of Two Way’s majority shareholders. The two will “continue to explore commercial activities together” in media and wagering. Kinky!
GTECH has re-signed its agreement to continue providing lottery products to the U.S. state of South Dakota. Lottomatica’s subsidiary signed a five-year extension meaning they will supply the South Dakota Lottery with their services until August 2nd 2019. In addition to the previous terms, GTECH will now hand over 600 LED jackpot signs to South Dakota and commenting on the deal, GTECH President and CEO Jaymin B. Patel said: “Since GTECH became the online lottery vendor in South Dakota in 2009, online sales have grown approximately 35 per cent. We can attribute much of that growth to the great partnership we have established with the South Dakota Lottery – a partnership that fosters open communication, collaboration, and creativity, with a shared goal in mind and that is to keep the South Dakota Lottery moving forward and growing to even greater heights.”
Italian operator Stravinci is the latest to take advantage of Evolution Gaming’s Live Dealer casino games. The offering will include roulette, baccarat and blackjack. Commenting on the deal was Gionata La Torre, CEO of Evolution Italy, who said: “We are proud of this agreement and we are confident that Stravinci’s customers will be completely satisfied with the performance of a sophisticated product such as our Live Casino”. The live casino will compliment Stravinci’s current offering that includes sports betting, bingo, poker and casino games.
