Poydras brokers strategic partnership with BitBoss

Poydras Gaming Finance has struck a deal with BitBoss Corporation to begin commercialising, licensing and distributing the real-money gaming solutions provider’s various technologies.

Under the strategic partnership, Poydras will focus on BitBoss’s patent-pending CryptoLock technology for Provably Fair Games, in addition to related solutions.

BitBoss’ technology utilises public and private key systems, as well as cryptologic functions, to randomise and deliver electronic entropy sets on an encrypted basis.

The 18-month initial term of the deal will grant Poydras the exclusive right to market BitBoss’ technology to gaming equipment manufacturers, online client-server casinos, and land-based casino and card room operators, with three-year extensions dependent on achieving various milestones.

Gross revenue from such technology will be split 60-40 in favour of Poydras.

“Instilling player confidence in the fairness of the games they enjoy is critical for companies in gaining and retaining long-term, loyal customers and brand champions,” Poydras chief executive Peter Macy said.

“This alliance expands our recurring revenue model to the growing online gaming market and also reflects our strategic focus on building a portfolio of exclusive or proprietary products to offer to our current and future customers.”

Knowles Cornwell, co-founder of BitBoss, added: “The senior management of Poydras has a wealth of experience and deep contacts in the gaming industry, making them the ideal strategic partner to support our growth and success.”

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