Keno.Com to Add Poker Games to Online Casino Site
Posted on: Monday, 8 May 2006, 06:04 CDT
Keno.com Ltd. (UK), a wholly owned subsidiary of Gaming Transactions Inc. (Pink Sheets:GGTS) and provider of online gaming portal management, is pleased to announce that it has entered into an agreement with RedFelt Software Inc. (a subsidiary of CYOP Systems International Inc. (OTCBB:CYOSE)) to provide Keno.com with internet-based poker.
The software includes classic poker games of Texas Hold'em, Omaha and 7 Card Stud, as well favorites such as Omaha Hi. Players will be able to pick from ring game action, daily tournaments with entries to the World Poker Tour, the World Series of Poker and all the major events.
Patrick Smyth, CEO, commented, "Our user demographic on Keno.com is made up of a wide cross-section of players. The average Keno player in New York is 45 years with a household income of more than $52,000. More than 50% report having some college, and over 50% are male. In Ontario, 58% of OLGC's Keno players are male aged 25 to 44 years. This wide base gives us the opportunity to cross promote our games with other mainstay products such as poker."
Research firm Christiansen Capital Advisors says online-poker revenues have grown from $82.7 million in 2001 to $2.4 billion in 2004 and the projected amount was close to $5 billion for 2005.
About the Company
Gaming Transactions Inc. is a developer and provider of online games and services for the online entertainment and gaming industries. The Company's central licensed games portal, www.keno.com, is a destination online gambling property where players may participate in a number of gambling and online gaming fixtures.
Please visit www.gamingtransactions.com.
This press release may contain forward-looking statements which are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on third party software providers, risks relating to international operations, and risks associated with competition.
Source: Business Wire
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