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Station Casinos and Sona Mobile to develop web wagering apps
Thursday, January 10, 2008 at 10:58:59 AM
Sona Mobile Holdings Corp. announced today that it has entered into a multi-year development and licensing agreement with Station Casinos, Inc. for the joint development and integration of Station's race and sports wagering applications. The jointly developed products may be distributed by Sona worldwide (other than in the Las Vegas locals market, where Station Casinos has exclusive rights for at least five years) and used by Station Casinos in its properties. Sona will receive application development fees and licensing fees, and the parties will share revenues from applicable race and sports wagers. From time to time, at its option, Station Casinos may elect to serve as Sona's test site for certain products contemplated in this agreement.
"We are looking forward to working with Sona to leverage its existing race and sports application portfolio, which will provide additional wagering entertainment value, convenience and privacy for our customers. We like Sona's vision and feel that it's a very good strategic fit for our company," said Art Manteris, vice president of race and sports book operations for Station Casinos.
Shawn Kreloff, Chairman and Chief Executive Officer of Sona, stated: "Station is the leader in the Las Vegas locals market, and runs one of the largest race and sports books in the country. This is a partnership centered around bringing a state of the art experience to Station's customers in the race and sports book, at home on the internet, and on their mobile device. Sona is pleased to have been chosen as Station Casinos' leading provider of race and sports wagering technology."
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