Dynasty Gaming

May 16, 2006 11:09 ET

Dynasty Gaming Agrees Terms of Mahjong Mania License Agreement With Microgaming Systems Ltd.

MONTREAL--(CCNMatthews - May 16, 2006) - Dynasty Gaming Inc. (TSX-V: DNY) today announced that it has agreed to enter into a contract to license its first-to-market Mahjong Mania software to Microgaming, a innovative supplier of online gaming solutions to many of the world's leading online casinos and sports book operators. Under terms of this agreement, Dynasty's wholly owned subsidiary, Mahjong Systems Limited, will have the potential to earn a licensing fee and share of rake from each online operator supplied with the aggregate, cash-wager version of Mahjong Mania by Microgaming.

MSL President Adriaan Brink stated, "This agreement, which will be made known to the hundreds of online operators attending the GIGSE conference in Montreal this week, is a major breakthrough for our organization. Microgaming is already acknowledged as a provider of the hottest and most exciting online gaming software to a large universe of online operator clients. Microgaming's decision to include our Mahjong software demonstrates a strong belief in the demand for this game by online, cash-wager players as well as in the reliability and robustness of our technology."

Microgaming Chief Executive Roger Raatgever said, "Our mission is to provide the most effective software and management systems for our operators so they can run the fairest, most reliable and most profitable online action. We believe that the addition of Mahjong Mania to our product offering meets every element in our mission. We are also confident that it will provide the estimated nearly 1 billion players worldwide of Mahjong with the first aggregate online, cash-wager version of the most widely played game in the world."

Albert Barbusci, Chief Executive of Dynasty Gaming applauded this licensing development, stating that, "Our agreement with Microgaming holds the potential for us to efficiently and credibly create relationships with a large number of casino and sports book operators. We recognize the importance of moving quickly to realize the advantages associated with being first-to-market with a gaming product and we believe our link with Microgaming will be critical in achieving early and broad market penetration."

About Dynasty Gaming Inc.

Dynasty Gaming Inc. (TSX-V: DNY) is solidifying a two-phased strategy to secure a lead position in the international online gaming sector with its first-to-market software for an aggregate player, cash-wager version of Mahjong, the world's most widely played game. Through its wholly owned subsidiaries, the company develops, markets, licenses and supports its Mahjong Mania software. Since marketing began in second-half 2005, a number of licensing agreements have been signed including a contract with Ladbrokes, the world's largest online casino operator whose site (www.ladbrokes.com) now hosts a customized version of Mahjong Mania. Dynasty Gaming's 77.2 million common shares in issue are widely held by Canadian and U.S. investors. Full information on Dynasty Gaming can be found at www.dynastygaming.com.

About Microgaming

Established in 1994, Microgaming is a leading supplier of online gaming solutions. Microgaming's mission is to develop software and management systems that allow their operators to manage reliable, credible and profitable online gaming enterprises and to champion the interests of the player through fair play, transparency initiatives and the promotion of responsible gaming. Microgaming is a founding member of eCOGRA (e-Commerce and Online Gaming Regulation and Assurance). For more information, go to www.microgaming.com.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this news release.

Contact Information

  • Albert Barbusci
    Dynasty Gaming Inc.
    (514) 288-0900 Ext. 224
    Thomas Walsh
    Alliance Advisors, LLC
    (646) 415-8321
    Adriaan Brink
    Mahjong Systems Limited
    (514) 448-2474