Solna, Sweden. (23 August 2007) - WagerWorks, the premier iGaming software
supplier and 24hPoker today announced the signing of a strategic alliance to
collectively market their respective product offerings. The two companies
signed a Letter of Intent to commence cooperation in February 2007.
This collaboration will see WagerWorks integrate its casino games through its
new WagerWorks rgs(TM) (remote game server) system to the 24hPoker turnkey
solution, giving 24hPoker's partners access to WagerWorks' industry-leading
games. 24hPoker will in tandem integrate to WagerWorks' WagerWare® casino
platform to provide WagerWorks customers access to a world-leading and fully
integrated poker solution.
WagerWorks has selected 24hPoker as its "best of breed" poker partner, which
will now enable WagerWorks to concentrate on its core competency of developing
premium branded games. WagerWorks will be able to offer its customers the added
value of playing on 24hPoker's network. 24hPoker will also add WagerWorks'
Casino to its product portfolio, which makes 24hPoker's offer even stronger.
Paul Mathews, President of WagerWorks, comments:
"This is an extremely exciting collaboration for WagerWorks and choosing
24hPoker as our poker partner allows us to concentrate on our core business of
building great premium-branded casino games. Furthermore, this business
partnership demonstrates that by using the WagerWorks rgs(TM) system, other
operators can integrate our games onto their existing platforms".
WagerWorks and 24hPoker have a powerful value proposition for the marketplace,
combining their expertise in providing the "best of breed" casino and poker
solutions. WagerWorks and 24hPoker are planning a release of WagerWorks rgs(TM)
pending all necessary regulatory approvals.
Peter Åström, CEO of 24hPoker Holding AB, comments:
"This cooperation enables WagerWorks to offer its partners poker on 24hNetwork,
instead of operating its 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 Fortune®, and Cluedo. This agreement is a part of our strategy to strengthen
our international presence and to broaden our offer."
For further information about WagerWorks, their portfolio of products, new game
launches and strategic alliances, visit www.wagerworks.com or contact:
Barry Walker, Black Chilli Media, +44 (0) 870 850 6158, barry@blackchilli.co.uk
For more information about 24hPoker, please contact:
Peter Åström, CEO, 24hPoker, +46 73 600 85 01
Pia Rosin, Corporate Communications Director, 24hPoker, +46 70 753 22 46
About WagerWorks
WagerWorks, the online subsidiary of International Game Technology (IGT),
supplies feature-rich and regulatory-compliant casino and game content
solutions, enabling gaming and consumer companies to leverage its marketing
expertise and brand equity across the Internet and iDTV.
WagerWorks offers an extensive suite of online games, including multi-line,
multi-coin slot machines, traditional table games and fixed odds propositions.
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.
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 such as
Baywatch(TM), Elvis® ,Monopoly, Play Your Cards Right(TM) and Wheel of
Fortune®.
Operating partners enjoy a significant commercial advantage by offering proven
and differentiated premium content that continuously delivers the most
compelling interactive gaming experience to their players.
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.
www.24hpoker.se
