CARLSBAD, Calif., March 7, 2019 – NTN Buzztime, Inc. (NYSE American: NTN) is building on the success of the Trivia for Cash competition format with the rollout of Trivia Madness. Every day in March, Buzztime is giving away over $100 in cash and prizes to the 10 highest scorers in Buzztime Sports trivia. Qualifying Buzztime Sports games are 30 minutes and run daily at 4:30 PT / 5:30 MT / 6:30 CT / 7:30 ET at all 2,600+ Buzztime locations.
Buzztime Sports covers the latest sports headlines, so it’s the ultimate gameday companion. With a chance to be one of 10 daily Trivia Madness winners in March, players have yet another reason to visit a Buzztime venue. In fact, the competition is driving in players on days or at times they wouldn’t normally go:
“Our team has never played on Sunday before, but we sure did after I (with the team’s help) won the $1,000 prize during the January Trivia for Cash event…Sunday Funday. When we told the waitress and manager what we had won, we noticed that the service even improved! Keep it up, Buzztime!” said Thomas Hoobler, a Buzztime player at Mad River Bar and Grille in New York, NY.
Trivia for Cash kicked off in December 2018, with additional competitions in January and February that delivered positive results. February, Trivia for Cash: Awards Season delivered a 27% overall increase in gameplay and a 21% boost in new player registrations.
“Our skill-based Trivia for Cash competitions with prizing are delivering results on all fronts. We’re continuing to engage current players, attract new ones, and increase foot traffic into over 2,600 partner locations. Trivia for Cash: Trivia Madness gives even more players – over 300 total – the thrilling experience of winning in a national trivia competition,” said Ram Krishnan, NTN Buzztime CEO.,” said Ram Krishnan, NTN Buzztime CEO.
With Trivia for Cash, Buzztime keeps the core concept the same: play your best, and you could win cash and bragging rights in this skill-based competition. Each month, Buzztime switches the qualifying games to strategically coincide with current televised sports and entertainment events to optimize engagement impact. For example, Sunday Funday in January helped drive customers into businesses for pro football playoffs. Awards Season highlighted Pop Culture and Movie Night Trivia and tied into the major award shows during February.
“Trivia for Cash incentivizes players to choose a Buzztime location for watching their favorite live TV events with a chance to win prizes for competing in trivia that matches their interests. Ultimately, it’s an enhanced viewing experience for players – and adds value to their visit at any of our partner locations,” continued Krishnan.
Due to the overall increase in gameplay, Buzztime’s digital-out-of-home (DOOH) advertising partners are also benefiting from a lift in impressions. Their branding messages are being seen more frequently, by more players on 15,000 screens and 65,000 Buzztime gaming tablets when players are excited and engaged in the competition.
This release contains forward-looking statements that reflect management’s current views of future events and operations, including statements regarding the value of our product to our customers and their guests, player engagement, differentiation from the competition, promotions and prizing, and partner branding opportunities. These risks and uncertainties include the risks of unsuccessful execution or launch of products, platforms or brands, risks associated with customer retention and growth plans, the impact of alternative entertainment options and technologies and competitive products, brands, technologies and pricing, adverse economic conditions, the regulatory environment and changes in the law, failure of customer and/or player acceptance or demand for new or existing products, lower market acceptance or appeal of both existing and new products and services by particular demographic groups or audiences as a whole, and technical problems or outages. Please see NTN Buzztime, Inc.’s recent filings with the Securities and Exchange Commission for information about these and other risks that may affect the Company. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized.
Buzztime (NYSE American: NTN) delivers interactive entertainment and innovative technology, including performance analytics and secure payment with Europay, MasterCard® and Visa® (EMV) chip card readers or with near-field communication (NFC) technology to accept Apple, Android and Samsung Pay. Most frequently used in bars and restaurants in North America, the Buzztime tablets and technology offer engaging solutions to establishments that have guests who experience dwell time, such as casinos, senior living, and more. Casual dining venues license Buzztime’s customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games, customized menus and self-service dining features. Buzztime’s platform improves operating efficiencies, creates connections among the players and venues, and amplifies guests’ positive experiences. The Buzztime platform has also been recently resold and the content licensed for other businesses serving other markets. For more information, please visit https://www.buzztime.com or follow us on Facebook or Twitter @buzztime.
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