Integrity Gaming Corp. V.IGAM

News!

[RegularJoe]

WebBroker Alert

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Poydras Gaming Finance Corp. Announces Strategic Partnership with BitBoss Corp.

cnw






- Proprietary technology verifies fairness of online and land-based game play -





VANCOUVER, Feb. 1, 2016 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSXV: PYD) ("Poydras," "PGFC," or the "Company") today announces that it has entered into a strategic partnership with BitBoss Corporation ("BitBoss"), focused on the commercialization, licensing and distribution of BitBoss' patent pending technology CryptoLock™ (serial no. 62/222,270) for Provably Fair Games and its related technologies. 



BitBoss' proprietary technology utilizes public and private key systems, and cryptologic functions, to randomize and deliver electronic entropy sets, such as cards or dice, on an encrypted basis. Game players can verify for themselves that a digital game was randomized and delivered fairly - for example, that all 52 cards in a deck of online poker were randomly shuffled, and that all cards in the deck were dealt according to the order in which they were shuffled.  For the first time poker players will be able to fold their cards and the game can still be provably fair.



The initial term of the agreement, which gives Poydras the exclusive right to market BitBoss' technology to gaming equipment manufacturers, online client-server casinos, and land-based casino and card room operators, is for 18 months, with three year extensions contingent on achieving certain milestones. Gross revenues will be split 60%/40% between Poydras and BitBoss, respectively.



"We are pleased to enter into this agreement with BitBoss to bring their exciting and innovative technology to market," said Peter Macy, CEO of Poydras Gaming. "Instilling player confidence in the fairness of the games they enjoy is critical for companies in gaining and retaining long-term, loyal customers and brand champions.  This alliance expands our recurring revenue model to the growing online gaming market and also reflects our strategic focus on building a portfolio of exclusive or proprietary products to offer to our current and future customers."



"The senior management of Poydras has a wealth of experience and deep contacts in the gaming industry, making them the ideal strategic partner to support our growth and success," said Knowles Cornwell, co-founder of BitBoss. "We are very excited by the prospect of combining our technology with Poydras' access to opportunities across the gaming space." 



Matthew Dickson, EVP of Poydras, is also a director, officer, and significant shareholder of BitBoss, and therefore this transaction is considered to be a related party transaction.  



About BitBoss Corp.: 
BitBoss Corp., is revolutionizing the real money gaming industry using emerging technologies in the fields of cryptography and distributed ledgers.  BitBoss believes these emerging technologies can increase player confidence, reduce cheating, and revolutionize today's client server based architecture.  



About Poydras Gaming Finance Corp.: 
Poydras Gaming is focused on leasing and financing gaming machines (such as slot machines) and related capital expenditures for existing casinos, new casino developments and gaming machine suppliers in the United States. It owns and finances slot machines including short- and long-term lease contracts across 25 casinos in Oklahoma and Texas. Additional information about the Company can be found on the SEDAR website at www.sedar.com.



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 


SOURCE  Poydras Gaming Finance Corp.




For further information: Keith Richards, Investor Relations | NATIONAL Equicom, T: [phone], E: [e-mail]; Peter Macy, CEO, Poydras Gaming Finance Corp., T: [phone], E: [e-mail]

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[biggerr]

good stuff, PYD is now in online gaming also. Hopefully it will help to reverse the current slide in the SP

[blomskompskies]

Nice News. Now their going to br just like LAB.V (Imperius Gaming) but alot better because not only will they have the outlet of online gaming, but also casino slot machines...And if you look at the revenue PYD is making, its alot more than LAB which sits at .09 cents PS.. This will help out the sp in a good way. 

[Teflon2Hype]

Knowles Cornwell as in Four Corners?...OMFG, what were the odds? And this.. "Matthew Dickson, EVP of Poydras, is also a director, officer, and significant shareholder of BitBoss, and therefore this transaction is considered to be a related party transaction." Very tight little family, isn't it?   Teflon2Hype   User Actions  

[biggerr]

where do you see connection between this Knowles guy and the Bowden bro's? You seem to know quite a bit about them, what's the story here? Looks like these Oklahoma/Integrity boys are taking over PYD by integrating their own investments into its operations. I think it's good because they are sharp operators and they won't let PYD go down so easy now that they have a stake in it. It

[thearab]

Teflon2Hype-Excellent  "NOM DE PLUME" that you are using I find it interesting that you come on here with a whole bunch of negativity and you sign off pretending that you have a lot of information that you choose not to divulge.You are also assuming that people that live in small commuities really are not skilled in business or a little shady because they are related.Since you are

[blomskompskies]

It seems like only 2 dys ago someone came in and bought a fat block of 500000 shares at .04 cents. With this news I'd like to see that again before end of day. Why not right?

[Lojax]

Unfortunately for me I am a shareholder of pyd, but have been around long enough to watch Teflon and his posts that most consider to be "bashing". Truth is he was bang on with the corrupt INT scam and from what i read in today's news PYD is going down the same path. Strategic partnership BS. Obviously they aint making it with the slots and need to make an alliance with some other

[RegularJoe]

Coming on a board for the first time and a member since 2009. I like it when bashers show up! Keep it up lojax! You can do it

[Lojax]

Dude if i was bashing you would know it. I bought at .045 and will ride it out rain or shine, but this latest "news" only looks like the same garbage i went through with another stock that lined the board members pockets and none of the regular shareholders. Big difference is that this one hasnt been pumped nor is Macy making stuff up like the other CEO was/is. I love my casino stocks

[thearab]

Lojax=Did'nt you say you were out which is 'IN OR OUT'?

[biggerr]

BitBoss is not a V company, it's a private outfit staffed by some computer geniuses apparently. They probably don't want to go through all the trouble of getting on a stock exchange and instead they partner with a public company like PYD

[biggerr]

oh my god, it's a Dutch company, I found their website, ha https://www.bitboss.nl/

[blomskompskies]

https://www.bitboss.ca/   Are you sure its not this one??

[biggerr]

no I don't think so, it looks like some kid playing with various tech apps and calling himself bitboss. The Dutch company is a more likely candidate

[blomskompskies]

I wish they clarified that part in the PR. I also wish they were more thorough in their news. This tid-bit wont be enough to apease the shareholders until Q4 ...i hope theres some more. 

[biggerr]

it's neither, I was told that the company is owned by Cornwell and Dickson from PYD. The question is who wrote the software, they cannot do it themselves

[thearab]

Lojax-I bought your 100 shares.

[Lojax]

Thearab.... That would be silly as you would have paid a minimum 4.95 commission to get my 3.50 in shares :)