Business
Update on partnership with, and funding to, Quanta
Update on partnership with, and funding to, Quanta.
About this update from Gana Media Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7519L\n Mobile Streams plc\n 15 September 2021\n \n \n \n \n 15 September 2021\n \n \n \n \n \n Mobile Streams plc\n \n \n (\"MOS\" or \"the Company\")\n \n \n \n \n \n Update on partnership with, and funding to, Quanta Media Group Holdings\n \n \n \n \n \n \n Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is extremely pleased to announce an update on progress made by Quanta \n Media Group Holdings\n (\"QMGH\" or \"Quanta\") and provision of further funding by MOS to Quanta. \n \n \n \n \n \n On 31 March the Company announced that it was providing QMGH a Convertible Loan Note of £250,0000 (the \"Loan\"), with a further £250,000 to be made available subject to achieving various agreed milestones, centred around its entrance to key markets.\n \n \n \n \n \n These milestones included the launch of Quanta's first three direct to consumer, mobile content sites targeted at customers wishing to place sports bets and play online casino games in the Dutch language in The Netherlands once the regulated Dutch i-Gaming market opens on 1 October. As announced on 29 April, Quanta has used both the Streams content platform and the previously announced investment by MOS to launch these sites. \n \n \n \n \n \n Six sites are now live, including \n https://CasinoMeesters.nl and https://WedMeesters.nl although the content on these sites is currently limited until it becomes legal to include specific i-Gaming content, affiliate links and calls-to action on 1 October. Quanta has also integrated its proprietary marketing technology platform with these sites in preparation for the full launch and is working with selected commercial iGaming partners in preparation for the market opening. \n \n \n \n \n The purpose of each of Quanta's Dutch language sites is to help Dutch consumers make informed decisions about where and how to play online casino games, find free bet offers from Dutch sportsbook operators, and help potential sports bettors/punters make informed choices about which legal and regulated companies they can safely and reliably place their wagers with. \n \n \n \n \n \n As a result of the excellent progress made by Quanta, the Company has agreed to make the second £250,000 available to Quanta, on the same terms as announced in...