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Gaming Transactions Inc. (fka GGTS) RSS Feed

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40
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Created
02/07/05
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Gaming Transactions Inc. is a developer and provider of online games and services for the online entertainment and gaming industries. The Company’s central licensed games portal, www.keno.com, is a destination online gambling property where players may participate in a number of gambling and online gaming fixtures. Gaming stocks may be set to explode! Gambling, and in particular online gaming, is becoming more and more socially acceptable. This change in attitude is having a massive impact on the industry, and well-run online gaming companies are raking in huge amounts of money. The statistics are staggering: According to analysts, the industry will grow to over US$14 billion a year by 2006 (source: Informa Media Group), up from US$3.8 billion this year, and it's expected to keep on growing. Not bad for an industry that didn't even exist a decade ago! Merrill Lynch, for example, has predicted gambling has the potential to account for a full 1% of global economic activity! (source: Sportingbet.com website) EcommerceTimes.com recently reported that some analysts consider online gaming to be the single most important factor in the growth of e-commerce. The online gaming industry, in other words, appears to be booming, and it may be an ideal time to invest. Although GGTS is a new company, it has some surprisingly experienced players at the helm -- an uncommon thing to find in an industry only ten years old. The company has come out with online versions of the addictive game Keno. And its management team was smart enough to secure the rights to the Keno.com website, which, if you’re marketing Keno, is as good as it gets. Keno has the widest spread for the house of any mainstream gambling game. After a successful North American launch, Gaming Transactions Inc. (GGTS) has translated its games into Chinese and is about to hit Asia. This initiative looks like a wise business decision According to Patrick Smyth, CEO of Gaming Transactions Inc., the decision was taken because Keno is one of the most familiar and widely played betting games around. Offline versions are already popular across North America and Europe, as well as in Asia. Keno is also the largest grossing game for many American lottery commissions. The game converts easily to an online environment, and it is well known that people are enthusiastic about gambling online. Emerging, high-tech companies like GGTS can have HUGE upside potentials. What makes this company particularly attractive is that Keno has the highest spread for the house of any mainstream betting game, so profit potentials are huge. The site is already a major destination on the Internet, and the company’s broad experience in the management of online Keno gaming is widely accepted. GGTS is taking advantage of this recognition, and is in talks with several state governing authorities in the US to develop and run their online gaming sites. Why did Gaming Transactions choose Keno as its flagship product? According to Patrick Smyth, CEO of Gaming Transactions Inc., the decision was taken because Keno is one of the most familiar and widely played betting games around. Offline versions are already popular across North America and Europe, as well as in Asia. Keno is also the largest grossing game for many American lottery commissions. The game converts easily to an online environment, and it is well known that people are enthusiastic about gambling online. What makes this company particularly attractive is that Keno has the highest spread for the house of any mainstream betting game, so profit potentials are huge. The company’s strategy is to focus on the game Keno in the initial stages, and then complement this offering with the additional betting options (Bingo, Poker, Blackjack, Slots and Sportsbook). Many commentators believe that Keno is a wide open market; Gaming Transactions Inc. looks ideally positioned to move right in.
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