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Buyout License is Pegasus Goal. 2005-07-13
Pegasus Gaming Corp has recently decided about a buyout of exclusive license distribution rights. The rights are currently under a suite of online casino platform from Chimera Technology. Pegasus has its own ideas of how the will utilize the information from the buyout.
Pegasus plans to provide operators with turnkey solutions for internet gaming. This platform will include sports betting, horse racing, and other casino games. The technology will also include full back end management. Fully backed management will help operators of the casinos manage the business responsibly.
The rises in the popularity of online gaming are in demand and Pegasus knows this. They expect to have five operators on board by the end of 2005. It is a lot to request, but Pegasus knows they are on their way.
Newly-appointed President and CEO of Pegasus David Cheng exclaimed how excited he is about the new package. A latest report on gaming revenue with Christiansen Capitol is expected to increase from last year’s $8.5 Billion to $ 22.7 Billion by 2009. Pegasus says that they are ready for the challenge, and hopefully they will be.
(By Andrea)