Chimera Technology enters mobile gambling

March 3, 2005

Turnkey U.S. provider Chimera Technology has entered the mobile gaming race with an announcement that work has commenced on a mobile gambling platform and games that should be ready for licensing in two to three months.

President Ken Chua says that a thorough due diligence review was conducted which determined that it would be beneficial for Chimera to proceed with this initiative. Once the implementation process has been completed, the new gaming platform will be made available to all current and future Chimera licensees. As a result, players will be able to play these games of chance on their Internet enabled cellular phones for either real money or fun money. The mobile gaming platforms will include such favorites as black jack, baccarat, video poker, virtual horse racing, hi-lo and many other games.

Paul Skeldon, a senior analyst with Juniper Research, predicted in a recent report that mobile gambling worldwide would grow from almost nothing in 2003 to $16 billion in 2008. Skeldon also projected that U.S. gamblers will spend more than $2 billion on mobile gambling in 2008. With billions at stake, a number of gambling companies already have set up operations for wireless phones, mostly casino-style games for gamblers in Europe and Asia.

Preliminary research has indicated that the United States market is ripe for this type of gaming platform and that it will be readily accepted to make it one of the fastest growing segments in gaming in the United States.

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