US e-game operator eyes UK betting shops
US e-game operator eyes UK betting shops
The Gaming & Entertainment Group, a US provider of server-based gaming systems and downloadable games, reported it is entering the large UK fixed-odds betting market. The company also released a range of video-based roulette games and slot operating system for the arcade market and Licensed Betting Offices.
According to Onlinacasinonews.com, the company is to follow land-based British bookmakers, which saw their record profits since the launch of fixed odds terminals (FOTs) into their premises, approved by the government. Gaming & Entertainment Group estimated that the revenue, originated form the sale of 300 devices, would reach $1.8 million for the second half of 2004.
“We have totally redeveloped our platform to simultaneously support standalone AWP video-based gaming machines, local clusters of multi-player machines, wide-area networked games, and our Internet system,” commented the Group's Chief Executive Officer, Tibor Vertes.
“Our new platform will allow game developers to build and deliver exciting new games to the industry without ever again having to worry about the hardware itself. Most importantly, operators will no longer need to move gaming machines physically around the country,” said GMEI's Chief Operating Officer, Kevin Burman, who is responsible for the Company's UK business development.
The company announced to invest $2.445 million in gross proceeds, gained from its recent private placement, in order to deploy AWP and FOBT roulette machines in the United Kingdom on both an outright sale and revenue-sharing basis.
