Galena Provides Mobile Gambling in Peru

Published Sunday, April 26, 2009 -

Corporación Galena, an affiliate of Managed Gaming Solutions has been awarded a twenty year licence to offer mobile online gambling to Peru. The new licence explicitly defines mobile lotto based on text messaging, which will enable Peruvian players to play mobile lottery directly from their handsets.

Galena Corporation (Corporacion Galena) is a Peruvian company that operates lottery and mobile phone games, and is supported by both MGS, a Finnish public company quoted on the Frankfurt stock Exchange, and Silverstring Investment N.V., a company with professional experience in the gaming industry in the international market. Thanks to this agreement, a percentage of Galena Corporation's lottery profits will be donated to the Chulucana's Beneficence, an entity that supports poor children and elderly people.

The company will donate 5.5% of its profits to the Chulucana's Beneficence. This certainly generates great expectations because the global growth for the mobile phone games segment is expected to reach US$ 16.6 billion by the year 2011, while the profit projection for Peru is US$ 12.7 million for the first year, just for SMS lottery.

CEO of Managed Gaming Solutions Juha Kikeri, said of the deal, "We will launch an innovative lottery via mobile phone within the next few months, developing a new segment in the lottery market. Galena Corporation introduces a new way to play the lottery, offering all the guarantees and the latest technology".

Brent Coralli Chief Executive Officer of Silverstring Investment N.V and Juha Kikeri traveled to Peru to accompany representatives of Galena Corporation during their visit to Chulucanas, and stated that they will continue to invest in our country because they trust in Peru and its growth.

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