Solna, February 22, 2007, 24hPoker today announced that the company has signed
a letter of intent to commence cooperation with WagerWorks. WagerWorks is the
online arm of International Game Technology (IGT), a world leading company in
the gaming industry. WagerWorks supplies fully managed and regulatory compliant
casino software and game content solutions to many major players in the online
gaming market. The purpose of the cooperation is that WagerWorks and 24hPoker
shall market and promote to third parties access to their respective product
offerings.
WagerWorks customers include major players such as Virgin Games, Blue Square
and Paddy Power. Going forward WagerWorks will be able to offer their customers
to play poker on 24hPoker's network, 24hNetwork. Also, 24hPoker will add
WagerWorks' Casino to its product portfolio, which makes 24hPoker's offer even
stronger.
The final agreement will be signed shortly, but effects of the cooperation will
not be seen before the summer of 2007.
"This cooperation enables WagerWorks to offer their partners poker on
24hNetwork, instead of operating their own network. WagerWorks also offers a
cutting edge Casino software solution that differentiates much from the Casino
software we have today, as it offers games based on well known brands like
Monopoly, Wheel of FortuneTM and BaywatchTM. We will add these new casino games
and offer them alongside our current Casino software from NetEnt. By offering
two alternative casinos we will attract more casino players. This is part of
our strategy to offer players more alternatives to the most profitable
products. In this way we give the player a selection of the market's best
games, always using the same wallet," comments Per Hildebrand, CEO 24hPoker.
For more information, please contact:
Per Hildebrand, CEO 24hPoker, +46 705 933 998
Pia Rosin, Information Manager 24hPoker, +46 70 753 22 46
About 24hPoker
24hPoker Holding AB is a Swedish gaming group that develops proprietary
software systems for online gaming operations through its subsidiaries 24hPoker
AB and B2B Poker AB and operates one of the world's largest poker networks,
24hNetwork. 24hPoker launched online poker in 2001 and conducts gaming
operations via foreign subsidiaries. The Group also sells and develops turnkey
gaming platforms for players that want to conduct gaming operations under their
own brand via 24hNetwork. 24hPoker Holding AB is listed on the Stockholm Stock
Exchange.
www.24hpoker.se
About WagerWorks
WagerWorks, the online arm of International Game Technology (IGT), supplies
feature-rich and regulatory compliant casino software and game content
solutions, enabling gaming and consumer companies to leverage their marketing
expertise and brand equity across multiple channels: Internet and iDTV.
WagerWorks offers an extensive suite of online games, including multi-line,
multi-coin slot machines, traditional table games, fixed odds propositions, and
a multi-player poker network. These games are offered in conjunction with
registration, verification and banking systems, casino management tools, and
regulatory practices, which can be provided on a licensed or fully outsourced
basis. The company has a regulatory compliance ethic, derived from its land
based heritage and experience, and ensures all of its customers are compliant
and adhere to applicable governmental regulations.
WagerWorks' premium content is the key ingredient and a necessary
differentiator for successful gaming websites. The company maintains exclusive
online gaming rights to proven and popular household brands. WagerWorks has a
very powerful and unique product proposition, with exclusive online gaming
rights to proven and popular brands such as: Baywatch(TM), Monopoly, Play Your
Cards Right(TM), The Price Is Right(TM) and Wheel of Fortune®.
www.wagerworks.com
