Gaming Transactions licenses Futurebet sportsbook

March 23, 2005

Gaming Transactions Inc., the online gaming portal management company headed by former WG execs Patrick Smyth and Stephen White, has entered into an agreement with FutureBet Systems Ltd. to license that company's sports book software.

In terms of the agreement, Gaming Transactions will integrate FutureBet's online sports book into its Keno.com site early in the second quarter. Following the move, 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.

InfoPowa reported the launch of Gaming Transactions mid-February this year. The Delaware registered public company is headquartered in Vancouver, Canada and uses no-download software from RedRuth Ventures, branded CrediPlay which also powers SkillArcade.com. The operation runs on servers based in Costa Rica, although there are ambitions to move to the UK, dependent on the fate of online gambling legalization under the Gambling Bill in that country.

CEO Patrick Smyth, together with fellow Gaming Transactions director and software development specialist Stephen White were both executives at World Gaming (Starnet) at one time. Smyth went on to found the Wiremix Media advertising agency before becoming President of digital marketing company Next Level and then President of CYOP Systems International.

According to Christiansen Capital Advisors, the sports book industry is valued at US $8 billion, and growing at an unprecedented rate with the expansion of the Internet into emerging markets.

Smyth commented, "A key functionality of the (Futurebet sportsbook) 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."

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