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Posted - 11/16/2010 : 06:19:51 AM Goodson Gaming and Foxwoods Development Company Form New Joint Venture
LAS VEGAS, NV--(Marketwire - 11/01/10) - Goodson Gaming and Foxwoods Development Company announced today the formation of a new joint venture, Velocity Gaming, that will focus on pursuing regulated online gaming, lottery, and related opportunities worldwide. Velocity Gaming brings together industry leaders in casino gaming, television game show production, and global lotteries in order to produce an unparalleled combination that will generate product awareness, drive incremental game play, and create new and exciting customer experiences in the interactive gaming world.
The joint venture brings a unique and proven business model to online gaming by combining an online casino site with a weekly television game show, produced by legendary game show producer Jonathan Goodson. The game show will serve to drive visitation to the casino site, and vice versa.
Goodson Gaming comprises television producer Jonathan Goodson, who co-created or produced such hit network game shows as The Price is Right and Family Feud, and Gaming Solutions International, which has provided turnkey start-up lottery services for over 25 years in the United States and globally. Together, Goodson Gaming has developed 26 successful lottery television productions worldwide that have served to significantly enhance lottery ticket sales in each market. Now Goodson Gaming, in partnership with Foxwoods Development Company, brings these same capabilities to the online gaming world.
Foxwoods Development Company is wholly owned by The Mashantucket Pequot Tribal Nation, the owners and operators of Foxwoods Resort Casino and the MGM Grand at Foxwoods, collectively the largest resort casino complex in North America. Foxwoods Development Company was formed in 2004 as a commercial entity for the purpose of acquiring, developing, and/or managing commercial and tribal gaming properties. Velocity Gaming will benefit from Foxwoods Development Company's extensive casino gaming and technical expertise, as well as its leading position among Native American Tribes in the United States. http://finance.yahoo.com/news/Goodson-Gaming-and-Foxwoods-iw-4076261033.html?x=0
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