Texas Voters Resoundingly Approve Charitable Raffles for Professional Sports Teams’ Foundations
on Nov 04, 2015
Toronto, ON - November 4, 2015: Almost 70% of voters in Texas yesterday approved legislation that will authorize professional sports teams’ charitable foundations to operate charitable raffles including electronic 50/50 raffles during their home games.
Over the past year, Gaming Nation Inc.’s (FAN-TSXV) wholly-owned subsidiary, 5050 Central Ltd., has been working with a consortium of Texas based professional sports teams to introduce changes to the existing laws surrounding charitable raffles including electronic 50/50 raffles. The bill, sponsored by Fort Worth Republican Rep. Charlie Geren, was strongly supported by Texas voters and teams expect to be operating charitable raffles in early 2016.
“We are very grateful for the effort made by the professional sports teams and their foundations as well as Mr. Geren in enacting these legislative changes. The new law will generate millions of dollars in new charitable fundraising that will benefit community-based charities throughout the State of Texas. We look forward to working with the teams to help facilitate these fundraising efforts,” stated Gaming Nation Inc.’s President/CEO Scott Secord.
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ABOUT GAMING NATION INC.:
Gaming Nation Inc. (TSXV-FAN) provides technology and information platforms to the sports and entertainment industry. The company's platforms include 5050 Central, an electronic real-time raffle system, daily fantasy games through Fantasy Feud and sports information websites Fantasy Guru and Pick Nation.
For more information visit, www.gamingnationinc.com
Contact: Scott Secord, President and CEO 416-479-3873
ABOUT 5050 CENTRAL LTD.:
5050 Central Ltd., a wholly owned subsidiary of Gaming Nation Inc., is an electronic raffle software system that drives consumer participation in raffle events while providing accountability to the raffle process. The 5050 Central system electronically captures every transaction while providing updated real-time raffle information to display devices located throughout the venue. Tickets are sold to fans through fixed touch-screen terminals and mobile devices, creating an effortless data collection system providing faster sales transaction, longer selling periods, accountability and substantial increases in average raffle proceeds. 5050 Central boasts some of sports' best brands as clients, with partners across the sports landscape including MLB, NFL, NHL, NBA, MLS, NLL & CFL as well as several NASCAR events, PGA tournaments and NCAA institutions.
For more information visit, www.5050central.com
