|Interactive Systems Worldwide Inc. announced today that its wholly owned subsidiary, Global Interactive Gaming Limited (GIG) has signed an agreement with Sportingbet. ISWI's SportXction play-by-play sports betting system will be incorporated into Sportingbet's UK and European sports wagering web sites, for use in those venues. |
In this non-exclusive agreement, which will provide Sportingbet with a share of the wagering revenue, GIG will furnish the technology and operate the system, and Sportingbet will be responsible for marketing the product, first level customer support and for processing customer financial transactions.
Integration of the system into Sportingbet's websites is complete and the service is now 'live' following a 'soft' launch for yesterday's Croatia v England International Football match.
The Agreement is an interim arrangement that covers a period of approximately 10 weeks, while Sportingbet completes work on its next generation back end software. The parties will continue to discuss the possible migration of the SportXction system into this new environment during this initial 10-week operation of the system, however any technical, contractual and legal issues that might arise relative to this subsequent integration into their new environment are unknown at this stage.
Sportingbet will operate the SportXction(TM) system for all of the currently available sports of football, cricket, golf and tennis with rugby due to follow shortly. GIG is already well advanced in its plans to launch its new rugby service for the Rugby World Cup in October this year. The Rugby World Cup is one of the biggest sporting events on the calendar in 2003 and will be held over 7 weeks, with 48 Test matches, and an estimated television audience of around 4 billion.