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Financiers see PlayAway potential
GameLogic has received $3.0 million of debt financing from Velocity Financial Group, Inc. GameLogic uses popular Internetbased game content to help casinos attract new players and interact with existing players while they are off property, wit the aim of materially increasing casino property visitation.
GameLogic's PlayAway system operates at regulated casinos across the United States.
"Our ability to proactively raise debt on favorable terms in these turbulent economic times is a testament to our solid business model and the tremendous opportunity to leverage the popularity of Internet games in the regulated US gambling markets," said John E. Taylor, Jr., president and hief executive officer of GameLogic.
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