(PRESS RELEASE) -- Sportech said that SNG Interactive, its joint venture with NYX Gaming Group Limited, has reached an agreement to provide a new online gaming platform to the Atlantic City-based Resorts Casino Hotel or "Resorts". This follows the November 2013 decision by the State of New Jersey to legalize online gaming.
Sportech and NYX will each invest up to $2 million in the joint venture for this project and it is anticipated that the gaming platform will launch by January 2015. Once live, players will be able to play a full range of online casino games provided by SNG, including roulette, blackjack and slots. SNG will also provide turnkey operational support which will include customer support and other services.
Resorts is the trading name of DGMB Casino LLC, an organization that is controlled by the family interests of the New York based property developer, Morris Bailey, with a minority shareholding held by Mohegan Sun, the Connecticut-based casino operator. Mohegan Sun also own a racecourse and casino in Pennsylvania and are an important existing customer of Sportech through both their casino based racebook and racecourse betting activities.
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