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DATE: May 25 2012
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Poker.co.uk - Poker News Archive

Wednesday 11th May 2005

CYOP launches new poker licensing site

CYOP Systems International Inc., is pleased to announce that it has launched www.redfeltsoftware.com through a newly formed United Kingdom Company, Red Felt Software Ltd, that will be organized as a wholly owned subsidiary of CYOP Systems International Inc.

With Red Felt Software Ltd. the Company will pursue in the iGaming market place turnkey licensing opportunities for enterprises wishing to enter and capitalize in this market space. The United Kingdom is being recognized as a jurisdiction embracing and regulating this sector.

More than 200 online poker sites collectively are generating about $2 billion a year in revenues, equal to 40% of last year's $5 billion in gambling revenues from all of the Las Vegas 'Strip'. According to an MECN.net survey an estimated 1.7 million players are active online, meaning they've played in the past six months.

Red Felt Poker is a simple turnkey poker gaming system that can be easily deployed by any webmaster or administrator. The Company also provides the necessary management experience and support to licensees and their customers.

�The focus is to allow the licensor to focus on growing their business, generating traffic, opening accounts and looking after their community of members�, Mitch White, CEO of CYOP, commented.

Source: OnlineCasinoNews

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