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Poker.co.uk - Poker News Archive

Tuesday 21st June 2005

CYOP Launches TenSeatPoker.com

CYOP Systems International Inc. (NASD OTCBB: CYOS.OB), a leading provider of online gaming software, is pleased to announce it has launched its internet poker software for play at www.tenseatpoker.com operated through the company's UK subsidiary Red Felt Software Inc.

The previously announced non-downloadable Texas Hold’em poker game at TenSeatPoker.com is ready for cash play, meaning players do not have to install large files on their computers. A secure transaction system has been developed with multiple layers of security and redundancy, allowing players to use multiple forms of payment.

According to the UK Register in the two years since online poker first tempted punters, the industry has grown from $100,000 in gross rake per day in January 2002 to between a staggering global $2m and $2.5m.

Mitch White, CEO of CYOP, said: “We are happy to have taken CYOP’s poker out of development and into revenue. The amount gambled on poker websites around the world in 2005 is estimated to be more than USD $60 billion, and the commission revenues around USD $3 billion. CYOP intends to begin marketing its software immediately to the end user and through business partnerships with existing gaming sites and portals.”



Source: OnlineCasinoNews


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