Global Gaming Network sells Amped Fantasy Sports & SportsAlert.com

fantasysports

Sports entertainment technology and information provider Global Gaming Network (GBGM) has confirmed that it has sold fantasy sports assets Amped Fantasy Sports and SportsAlert.com to digital entertainment investors Lux Digital Pictures Partners.

The acquired fantasy sports assets are set to be transferred for operations purposes to newly created media firm Stream Trak Inc. Under the terms of the agreement Stream Trak will acquire Amped Fantasy Sports and SportsAlert.com operational properties including source codes, sms and retention mechanisms. Stream Trak will further take ownership of SportsAlert.com 100,000 user database.

Having undertaken the sale of its assets, Global Gaming Network will focus on expanding services for the B2B fantasy sports market, targeting expansion through partnerships with restaurant chains, nationwide bars and other commercial enterprises.

Stephen Kern, GBGM President commented on the sale

“We’re pleased to have sold our Amped Fantasy Sports and SportsAlert.com assets to STTK.OB, a company dedicated to becoming a major force in the Fantasy Sports business. With this sale, we’ll now have an opportunity to concentrate all of our efforts in growing our Fantasy Sports B2B operations with our partners Impact Fantasy Sports and Atlantic City Fantasy Sports”.

“Discussions continue with a leading Atlantic City casino operator to license a fantasy sports game that will be available online, mobile and via kiosk at the venue. We’re confident that we’ll have in place for the start of the 2015 NFL season one or more agreements with a major casino and/or nationwide restaurant chain. As well, we have recently set up our Vegas Fantasy Sports division, which will concentrate on licensing our fantasy sports games to the local gambling and restaurant venues in the Greater Las Vegas area,”