iGaming Business – Poydras Gaming Finance, a leaser and financer of gaming machines, has formed a joint venture with Louisiana-based Southern Ace to acquire video poker machines across the US state.

Poydras will partner with Southern Ace in the formation of two entities: Poydras Gaming and Poydras Gaming Devices.

Under the agreement, Poydras will take a 90% interest in Poydras Gaming.

Poydras will also have a 49% interest Poydras Gaming Devices, which will own the physical machines in compliance with state regulations that require video poker devices be majority owned by Louisiana residents.