TORONTO, ON--(Marketwired - September 07, 2016) - 5050 Central Ltd. (the "Company"), a wholly-owned subsidiary of Gaming Nation Inc. (TSX VENTURE: FAN) is pleased to announce that it has reached an agreement with Kent State University ("Kent State"), a Division 1 institution in the Mid-American Conference (MAC) of the NCAA.
The partnership will see Kent State use 5050 Central's real-time electronic system to run 50/50 raffles at various athletic events such as football and basketball. Proceeds from each draw will support Kent State's scholarship fund for student-athletes.
"We are thrilled to be teaming up with Gaming Nation and implementing its digital 50/50 raffle system at our athletic events," said Kent State Deputy Athletic Director Casey Cegles. "In the ever-changing landscape of college athletics, we are always trying to discover new ways of generating revenue. In our discussions with Gaming Nation, we learned of the success others were having with this system. Not only is it being used by numerous professional teams and franchises, it has proven successful at other peer institutions in the Mid-American Conference. With a small investment up front, we will be able to generate a large ROI that will help support our student-athlete scholarship bill."
Scott Secord, President/CEO of Gaming Nation commented, "We look forward to launching our platform with Kent State University. We have realized strong results with our existing NCAA clients and we expect Kent State to achieve the same level of success in support of the student-athlete scholarship bill."
ABOUT GAMING NATION INC.:
Gaming Nation Inc. (TSX VENTURE: FAN) provides technology and information platforms to the sports and entertainment industry. The company's platforms include 5050 Central, an electronic real-time raffle system, daily fantasy games through Fantasy Feud and sports information websites Fantasy Guru and Pick Nation.
For more information visit, www.gamingnationinc.com
Connect with Gaming Nation Inc. on Facebook and Twitter
ABOUT 5050 CENTRAL LTD.:
5050 Central Ltd., a wholly owned subsidiary of Gaming Nation Inc., is an electronic raffle software system that drives consumer participation in raffle events while providing accountability to the raffle process. The 5050 Central system electronically captures every transaction while providing updated real-time raffle information to display devices located throughout the venue. Tickets are sold to fans through fixed touch-screen terminals and mobile devices, creating an effortless data collection system providing faster sales transaction, longer selling periods, accountability and substantial increases in average raffle proceeds. 5050 Central boasts some of sports' most iconic brands as clients, with partners across the sports landscape including MLB, NFL, NHL, NBA, MLS, NLL & CFL as well as several NASCAR events, PGA tournaments and NCAA institutions.
For more information visit, www.5050central.com
Connect with 5050 Central on Facebook and Twitter
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.
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"). By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Gaming Nation Inc.'s control, including the impact of general economic conditions, industry conditions, currency fluctuations, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although Gaming Nation Inc. believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Gaming Nation Inc. does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.