Gaming Technologies Inc. (OTCMKTS:GMGT) dropped 17% without any news. Last December, the company announced a partnership with FBMDs to expand its high-value and customized digital games collection in the Latin American market.
Trading Data
On Thursday, GMGT stock fell 17% to $1.75 with 309K shares, compared to its average volume of 93 shares. The stock moved within a range of $1.7500 – 1.7600 after opening trade at $1.75.
Gaming Technologies, Inc.’s Announces Partnership with FBMDS to Drive Further Growth in the LATAM Region
FBMDS is a digital gaming brand with a wide variety of more than 50 products. CEO Jason Drummond said that they cherish the connection with FBMDS because it allows the company to quickly integrate such popular internet games into our gaming platform, allowing it to provide the most comprehensive gaming experience to Mexican players while also producing higher returns for all.
Drummond said that considering the region’s active and varied player base, the LATAM market offers a unique potential. With the development of Vale.mx, the company has wisely established its niche. Gametech can draw more gamers to the network on a cost-effective basis by cooperating with FBMDS while also further entering the industry by deploying other games on its entertainment platform. Therefore in the coming weeks, investors should keep an eye on GMTG.
