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Pollard Banknote Announces the Acquisition of Compliant Gaming
Pollard Banknote Announces the Acquisition of Compliant Gaming Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n Pollard Banknote Announces the Acquisition of Compliant Gaming\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WINNIPEG, MB\n \n ,\n \n Dec. 30, 2020\n \n /CNW/ -\n \n Pollard Banknote Limited\n \n (TSX: PBL) (\"Pollard Banknote\" or the \"Company\") announced today that it has signed a definitive agreement, and closed the transaction, to purchase (\"Acquisition\") 100% of the equity of Compliant Gaming LLC (\"Compliant\"), a leading provider of electronic pull-tab gaming systems and products to the charitable gaming market.\n \n \n \n \n \n \n \n \n \n Compliant was founded in 2014 and offers a broad range of game content and system support in the growing area of electronic gaming and are currently the second largest supplier in the fast-growing\n \n Minnesota\n \n market. Key to their success has been a robust technology platform and engaging game content.\n \n \n Electronic pull-tabs were first introduced in\n \n Minnesota\n \n in 2012 to assist charitable organizations in fundraising and to help the state in funding the development of the US Bank Stadium in\n \n Minneapolis\n \n . Experienced in bars and restaurants, electronic pull-tabs in\n \n Minnesota\n \n provide a gaming experience played on portable tablets, which are provided by the establishment to its customers. Since its start 8 years ago, this market for electronic pull-tabs has grown exponentially, starting from zero in 2012 to generating almost\n \n $100 million USD\n \n in net gaming receipts (revenue less prize payouts) in the fiscal year ended\n \n June 30, 2020\n \n . It has been the fastest growing segment of the\n \n Minnesota\n \n charitable gaming market for the past 5 years.\n \n \n The acquisition of this technology for the charitable gaming market provides a new solution offering for our portfolio as Compliant's portable, tablet-based product is a strong complement to our\n \n Diamond Game\n \n kiosk-based technology. Compliant brings a successful operation in the\n \n Minnesota\n \n market while positioning us strategically for new jur...