Gaming supplier Scientific Games has signed a strategic, five-year licensing agreement with mobile content supplier Gaming Realms for Slingo, the combination bingo/slot game that first gained popularity on Atlantic City and has gained widespread popularity on the internet.
Scientific Games will have exclusive rights to produce and distribute Slingo-branded slot machines to casinos and related properties worldwide. Under the terms of the license, Scientific Games will develop new slot games for traditional gaming machines, video lottery terminals and on-property hand-held devices. The agreement includes a minimum guaranteed royalty stream to Gaming Realms payable within the first two years.
The deal is an expansion of Scientific Games’ existing license to produce Slingo-branded scratch lottery tickets. This is one of the most successful licensing arrangements in the lottery industry, selling over $1 billion worth of tickets across 36 U.S. states and three international markets.
“Following on from the success of our printed lottery products partnership with Scientific Games, we are delighted with the opportunity to bring Slingo to slot machines in casinos around the world with a market leader,” said Gaming Realms CEO Patrick Southon.
The new license is a step in Gaming Realms’ long-term strategy to extend Slingo into markets adjacent to the group’s core mobile gaming business.
