Sydney (December 3, 2004) - Techlink Entertainment and the Nova Scotia Gaming Corporation have announced an agreement to field test Techlink's new responsible gaming device. Nova Scotia Business Inc. (NSBI) has announced an agreement to provide an equity investment which will accelerate commercialization of the cutting-edge technology for the Sydney-based company.
"This is an important breakthrough for our company and the technology we have developed to empower people to game responsibly," said John Xidos, president and CEO of Techlink Entertainment. "Nova Scotia has taken the bold step of formally testing a technology that many gaming jurisdictions around the world are watching closely."
The responsible gaming device, unveiled by Techlink in November, is an individual console that can be attached to an electronic gaming machine, such as video lottery terminals. It incorporates the use of a card to provide players with responsible gaming features. These features allow players to set spending limits, review historical spending and specify times when the player wants to be limited from gaming.
"Techlink is proactive in advancing product-based responsible gaming features. We're pleased to be conducting collaborative research to explore the potential of this newest device," said Marie Mullally, president and CEO of the Gaming Corporation. "This initiative is in keeping with the Gaming Corporation's focus of integrating responsible gaming into its products."
Focusing on the commercialization of the technology, Nova Scotia Business Inc. is providing Techlink with $2 million for the project. Techlink will use this investment to adapt and refine the device technology and support further testing.
"Techlink has developed innovative new technology which shows great potential for niche and international export markets, said Stephen Lund, president and CEO of NSBI. "Nova Scotia Business Inc. supports companies such as Techlink to grow their business. In doing so, we are working together to strengthen the Nova Scotia economy, both by advancing the information technology and manufacturing sectors and by enhancing export opportunities."
Techlink Entertainment is an innovative developer of gaming products that enable responsible gaming for the regulated gaming industry.
The Nova Scotia Gaming Corporation is a Crown corporation responsible for the conduct and management of gaming in Nova Scotia. It's businesses include ticket and video lottery and casinos.
Nova Scotia Business Inc. is the province's business development agency. Private-sector led, the organization works with growth-oriented companies to deliver business solutions. It does so by attracting new businesses to the province and helping those already in Nova Scotia expand, through services such as export development and financing.