RNS Leap Gaming2 Feb 2021 11:12
RNS Number : 7223N
FastForward Innovations Limited
02 February 2021
FastForward Innovations Ltd / AIM: FFWD / Sector: Closed End Investments
2 February 2021
FastForward Innovations Ltd ("FastForward" or, "FFWD")
Investee Company Update: Leap Gaming
FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to note the update from IMG Arena on the launch of a unique new betting product in partnership with EuroLeague, the company owns and administers Europe's premier professional basketball competitions. FastForward has a 43.4% interest in Fralis LLC ('Leap Gaming'), which has a strategic partnership with IMG Arena and has developed the Euroleague product in partnership with IMG Arena.
Leap Gaming is a B2B developer of high-end gaming applications whose realistic 3D immersive games are offered by leading online and retail gaming operators around the world. In 2018, it formed a strategic partnership with IMG Arena, a data system division of global sports, events, and entertainment agency IMG, which provides bookmakers with live streaming and virtual sports products. This partnership sees the two companies collaborating on sales and product development initiatives; IMG Arena also holds an equity stake in Leap Gaming.
Ed McDermott, CEO of FastForward, commented: "Leap Gaming has once again demonstrated its world-leading ability to develop totally unique and innovative products that challenge other gaming developers worldwide and take gaming experiences to new levels. Since EuroLeague Basketball agreed the joint venture partnership with IMG Arena in 2015-16, both television and live audiences have increased, with 1.3 billion viewers cumulatively watching the EuroLeague on television during the 2018/19 season. The extension of this partnership with the launch of EuroLeague Instant Legends will have a significant impact on Leap Gaming, adding another important revenue stream to its suite of products across the global gaming operators."
Full Announcement Below
IMG ARENA LAUNCHES NEW VINTAGE BETTING PRODUCT IN PARTNERSHIP WITH EUROLEAGUE BASKETBALL
Play-on-demand offering boosted with creation of EuroLeague Legends product that features 10 years' highlights footage
LONDON, UK -2nd February, 2021 - IMG ARENA, a leading sports betting service and content hub, has expanded its long-standing partnership with Euroleague Basketball with the launch of EuroLeague Legends, an innovative new product line.
EuroLeague Legends uses official vintage footage from top players over the past 10 years to create instant betting events via randomly grouped clips. The product has been created by Leap Gaming*.
Euroleague Basketball, which has been an IMG ARENA partner since 2015, is the organizer of Europe's premier professional basketball competition the Turkish Airlines EuroLeague and also runs the 7DAY