Brief: Atari Ends License Agreements With ICICB At Estimated Write-Off Of Up To EUR 11 Mln

Atari SA

18/04/2022 17:16

April 18 (Reuters) - Atari SA  ATAR.PA :
    * REG-ATARI ANNOUNCES PLANNED CREATION OF NEW TOKEN AND
TERMINATION OF JOINT VENTURE
    * LICENSE AGREEMENTS BETWEEN ATARI AND ICICB, INCLUDING
ATARI
CHAIN LIMITED LICENSE AND RELATED LICENSES INCLUDING HOTEL AND
CASINO LICENSES, HAVE BEEN TERMINATED EFFECTIVE 18 APRIL 2022
    * ICICB IS NOT AUTHORIZED TO REPRESENT ATARI OR ITS BRANDS
IN ANY
MANNER
    * AS COMMUNICATED ON 21 FEB. 2022, TERMINATION OF AGREEMENTS
WITH
ICICB WILL RESULT IN WRITE-OFF ESTIMATED TO BE UP TO EUR 11
MILLION
    * DESPITE TERMINATION, ATARI REMAINS ENTHUSIASTIC ABOUT
POTENTIAL
FOR BLOCKCHAIN INITIATIVES AND CONTINUES TO PURSUE STRATEGIC
VENTURES
    * WILL CREATE, DISTRIBUTE, AND SOLELY MANAGE A NEW
PROPRIETARY
TOKEN WITH A FOCUS ON GAMING, COMMUNITY, AND UTILITY

Source text for Eikon:  ID:nGNE90qcjx 
Further company coverage:  ATAR.PA 

 (Gdansk Newsroom)