Gaming Technologies Inc (OTCMKTS:GMGT) is best known for being a software solutions provider and for owning the Mexico based betting and online casino www.VALE.mx.
Trading Data
On Thursday, GMGT stock ended flat at $0.75 with more than 300 shares, compared to volume of 10 shares. The stock moved within a range of $0.7500 – 0.7500 after opening trade at $0.75.
Gaming Technologies, Inc.’s Announces Partnership with FBMDS to Drive Further Growth in the LATAM Region
Although the Gaming Technologies stock was trading in a range on Thursday, it should be noted that the company announced yesterday that it had decided to go into a partnership with the online gaming brand FBMDS. It could well prove to be a significant partnership for Gaming Technologies considering the fact that FBMDS commands a portfolio of more than 50 products at this point in time. Some of those products include video poker titles, bingo, table related games and slots.
The Chief Executive Officer of Gaming Technologies, Jason Drummond spoke about the merits of the partnership yesterday. He noted that the partnership was a valued one considering the fact that the company could integrate the popular online games from FBMDS on to its platform.
As a consequence, the Mexican users of the platform are going to be exposed to one of the most diverse range of online games. It now remains to be seen if the news of the new partnership leads to any traction for the Gaming Technologies stock or not.
Key Quote
“Our partnership with FBMDS is a valued relationship for us, as we have the ability to rapidly integrate these popular online games into our gaming platform to offer our Mexican player base the most expansive online gaming experience while delivering greater returns for all,” said Jason Drummond, Chief Executive Officer. “The LATAM market presents a unique opportunity given the region’s very engaged and diverse player base and we have strategically carved our niche with the success of Vale.mx. By collaborating with FBMDS, Gametech can attract additional players to the platform on a cost-efficient basis while at the same time further penetrating the market by deploying additional games on our entertainment platform.”
