The developer of interactive software and technology for the betting and gaming industry announced that it intends to incorporate a new offshore company which will purchase the blackjack software from Zone4Play based on a valuation that has been prepared by an independent economist.
The separate entity will then market the tournaments gaming technology directly to consumers and further develop and license the software to third parties based on a license fee and revenue share basis.
Zone4Play said the decision whether to proceed is dependent on the results of a regulatory and tax analysis that has not been completed.
“We believe that the spinoff transaction may be the preferred way to pursue this business opportunity for the benefit of our shareholders”, said Shimon Citron, CEO of Zone4Play. “Zone4Play will maintain its current business as a software and technology developer and provider to the interactive gaming industry, delivering cross-platform systems that are built for mass participation gaming over all interactive platforms and to be a major part of the next generation gaming industry.”
Elsewhere, mobile content technology company Interactive World has signed a contract with Alderney-licensed Probability Games to promote its Java-based suite of casino and card games, including Roulette, BlackJack, Video Poker and a wide range of Slot games. Under the agreement, the two companies will equally share the net revenues from games downloaded and played.
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