Oct 13th, 2016
Toronto, ON – October 13, 2016: 5050 Central Ltd. (the “Company”), a wholly-owned subsidiary of Gaming Nation Inc. (FAN-TSXV), is pleased to announce that the Company has reached an agreement with the Kings Care Foundation (the “Foundation”) in partnership with the Los Angeles Kings (the “Kings”) of the National Hockey League.
The partnership expands the Company’s growth into the California professional sports market since the legislative approval to allow the operation of charitable 50/50 raffles in California. The Kings will run electronic raffles using 5050 Central’s industry leading real-time system at Staples Centre beginning this season. Half of the net proceeds will support the Foundation, an award-winning charity that focuses its community outreach efforts on enhancing education, recreational and health-related programs for children.
The Kings are scheduled to launch their first raffle on October 14 during their home opener.
“We are excited to work with the Kings Care Foundation in partnership with the Los Angeles Kings. The Foundation supports many great initiatives in the community and the Kings’ success both on and off the ice should result in tremendous success with the 50/50 raffles. We look forward to a long and mutually beneficial relationship,” said Scott Secord, President/CEO of Gaming Nation.
ABOUT GAMING NATION INC.:
Gaming Nation Inc. (TSXV-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, and sports information websites Fantasy Guru, FantasyGuruElite and Pick Nation.
For more information visit, www.gamingnationinc.com
Contact: Scott Secord, President and CEO 416‐479‐3873
For investor inquiries, please contact Joann Head:
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
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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.
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5050 Central is an electronic raffle system