eBet, a gaming technology company signed a deal to supply and operate a linked jackpot system for four California Native American casinos.

EBet signs deal with Native American casinos

eBet, a gaming technology company signed a deal to supply and operate a linked jackpot system for four California Native American casinos, the www.theage.com.au website reported.

EBet expects the operation to generate $7 million in revenues and $1 million in pretax profits.

"Initially, the eBet system will link 400 gaming machines across four of California 's largest Native American casinos," an eBet statement reads. "Further expansion is anticipated across up to a further 26 casinos in California , which typically operate over 1,000 machines each," it said.

The Link, which will deploy patent-protected technologies, is scheduled to start operations within 60 to 90 days.

The company said it placed 24 million ordinary shares at nine cents per share to fund the initial project roll-out, raising over $2 million from investors.