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Fun Technologies clinches casual gaming deal with 8 Lycos Europe portals
FUN Technologies Inc. a major Canadian provider of online skill and casual gaming, announced today that its wholly owned subsidiary, SkillJam EU Limited, has signed a two-year exclusive agreement to create a private-label skill-gaming platform for Lycos Europe.
Under the terms of the pan-European agreement, SkillJam will develop, operate and support the pay-for-play gaming sites for eight Lycos Europe portals: UK, Germany, France, Spain, Italy, Holland, Sweden, and Denmark. A publicly lised company, Lycos is an important European portal provider that reaches around 30 million unique users within its network every month.
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The global media group Bertelsmann AG holds 20 percent of the Lycos Europe shares.
FUNTech CEO, Lorne Abony, said the deal represents an important stride forward as his company continues investing in a European growth strategy, and gives his games division the opportunity to substantially bolster its growing member base. "We have built a fantastic relationship with Lycos Inc., and we are delighted to now be partnering with Lycos Europe as well," he said.
Michael Rohowski, Chief Sales Officer for Lycos Europe, said, "LYCOS Europe is focused on providing a range of content and services to meet all our users' online needs and casual gaming is a core element of our offer to our community."
FUN Technologies' FUN Games division, comprised of its wholly owned subsidiaries SkillJam, WorldWinner and Octopi, develops and distributes casual games solutions with a focus on free play and cash competitions across online, mobile and iTV platforms. Its broad network of partner sites includes leading global brands such as AOL Games, EA-Pogo, GSN, Lycos, MSN Games, Real Networks and Virgin Games. With more than 27 million registered players internationally, FUN Games hosts ten million tournaments and awards millions of dollars in prizes every month.
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