| [March 22, 2005] |
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Gaming Transactions to License SportsBook from FutureBet; Keno.com to Offer Sports Wagering
BEVERLY HILLS, Calif. --(Business Wire)-- March 22, 2005 -- Gaming Transactions Inc. (Pink Sheets:GGTS), a leading provider of online gaming portal management, is pleased to announce that it has entered into an agreement with FutureBet Systems Ltd. to license SportsBook software.
Under the terms of the agreement, Gaming Transactions will be integrating FutureBet's Online SportsBook into Keno.com early next quarter. Keno.com's customers will have access to the same sports odds lines that are used by several of the top Las Vegas books.
Keno.com will offer a full range of sports betting options and an extensive number of betting types, including straight bet, parlay, over/under, money-line, and teasers. The site will offer every North American sport from baseball to basketball to boxing, as well as soccer lines from over 60 different countries.
According to Christiansen Capital Advisors, the SportsBook industry is valued at $8 billion, and growing at an unprecedented rate with the expansion of the Internet into emerging markets.
Patrick Smyth, CEO of Gaming Transactions Inc., commented, "We looked at many software providers and decided that FutureBet's systems represent the finest interactive SportsBook software compilation available anywhere. A key functionality of the product is their real-time reporting tool, which is the most comprehensive available in the market today. As well, the FutureBet system gives us the option of using industry-adjusted odds feeds, setting our own lines, or setting up our own unique betting propositions. For example, who will be fired by Donald Trump next? We are excited to be working with FutureBet, and feel that their software is an excellent fit for our targeted player demographics."
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.
For more information: www.gamingtransactions.com
About FutureBet Systems Inc.
FutureBet truly defines the apex of online gaming systems. Since 1998, FutureBet has been offering independent corporations around the world the ability to establish their own customized Internet gaming operation.
For more information: http://www.futurebet.com
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, 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 software providers, URL providers, risks relating to international operations, and risks associated with competition. This document is not intended to be and is not an advertisement for any securities of the company.
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