Investee Company Update: Leap Gaming

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 de Jersey	FastForward Innovations Ltd	Email: [e-mail]
James Biddle / Roland Cornish	Beaumont Cornish Limited, Nomad	Tel: [phone]
Jeremy King	Optiva Securities Limited, Broker	Tel: [phone]
Isabel De Salis / Beth Melluish	St Brides Partners Ltd, Financial PR	Tel: [phone]

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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