Pegasus Gaming
in Negotiations with International Companies
Pegasus Gaming Corp. (Pink
Sheets: PGGG), an I-gaming software and e-commerce
services company servicing clients from Europe and
Africa, is pleased to announce that it has received
a great deal of inquires from parties interested
in becoming Pegasus licensees. As a result, Pegasus
has entered into serious negotiations with several
parties for their turnkey online gaming platform.
Negotiations have already commenced with five different
parties who are located in South Africa, the United
Kingdom and the Netherlands. If Pegasus comes to
terms with any of the potential licensees, work
will begin behind the scenes to build a customized
online gaming Web site, tailored to each licensee's
particular needs.
Online gaming has now become a $10 billion
per year industry, with continued growth on the
horizon. On June 27, Gibraltar-based Party Gaming,
the company that owns PartyPoker.com, jumped onto
the London Stock Exchange with a value of $9 billion.
Securing a spot in the prestigious FTSE 100 index
of the United Kingdom's top companies, the company's
IPO was the largest on the LSE in five years. More
recently, Cassava Enterprises said it will list
on the London Stock Exchange, for its online casino
888.com, and is expected to be valued at 700 million
pounds ($1.28 billion).
These major online gaming transactions indicate
that online gaming remains at the forefront of Internet
growth and mass acceptance. Established players
in this field stand to reap the huge benefits of
this booming sector.
Pegasus Gaming President & CEO David Cheng
stated, "We are happy to announce that we have
entered high level negotiations with several very
interested parties throughout different parts of
the world. The interest generated by our online
gaming platforms has thus far been nothing short
of remarkable as we continue to field calls and
e-mails from potential licensees." Cheng added,
"As we begin to bring new licensees online,
I believe that we will see even more interest in
our products from the online gaming community."
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