Pegasus Gaming Buys out Chimera Solutions for Online Casinos, Sportsbooks
12 July 2005
Pegasus Gaming Corp has recently completed a buyout of exclusive license distribution rights for a suite of online casino platforms and applications from Chimera Technology.
Pegasus plans to provide operators of online casinos with complete turnkey solutions for an internet gaming platform including sports betting, horse racing, and a complete suite of casino games. The technology includes a full back-end management system to help operators of the casinos manage the business end of the casino easily and responsibly.
With the rise in the popularity of online gaming, online casinos with sportsbook and horseracing capabilities are in demand, and Pegasus expects to have as many as five operators signed up by the end of 2005.
Newly-appointed President and CEO of Pegasus Mr. David Cheng says “We are very excited about the package that we have put together and are in the process of appointing sales agents to aggressively market our product in Europe and Africa. With gaming revenue estimated to increase substantially and according to the latest reports from Christiansen Capital to show increases from US$8.5 Billion in 2004 to an increase of US$ 22.7 Billion by 2009, Pegasus will be well positioned to meet the operational needs of new entrants to the market and to support expansion for existing operators."
Source: Authorized Online Casinos News Staff
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