Heard some good news on GGTS
Gaming Transactions, Inc. included that, under the terms of the
agreement, Red Ruth Ventures has prepaid for USD$1.0 million in
advertising from online gaming portals, which it will be selling
exclusively to Gaming Transactions Inc.
The company noted that according to a report from the Informa Media
Group, global revenues from online gambling will reach USD$14.52
billion in 2006, an increase from USD$3.81 billion this year, and
also states that the US will generate 24 percent of all online
gambling revenues in 2006, while Europe will generate 53 percent.
"We are fortunate to have reached a deal of this magnitude for such
an excellent marketing product. Red Ruth has an excellent database of
players, and web locations that are a natural fit for Keno.com's
advertising strategies," CEO of Gaming Transactions Inc., Patrick
Smyth, stated regarding the agreement.
GGTS (OTC: GGTS) closed trade Tuesday at $0.335.
