|TS&B Gaming & Entertainment Corp, the subsidiary of TS&B Holdings, Inc. today announced its plans to enter the multi-billion dollar online gambling space, later this quarter.|
The company said it was currently reviewing several online platforms and software including blackjack, roulette, craps, pai gow and slots, among others. TS&B said it would also acquire an online gaming software provider over the next few months.
‘We are very enthusiastic about positioning the new subsidiary into the multi billion dollar online gaming sector and exploring possible acquisitions in the gaming and entertainment sectors. With funds we have received from Compass Capital Group, we are now expanding our gaming and entertainment division,’ said James E. Jenkins.
CEO of TS&B Holdings.
TS & B cited a recent Christiansen Capital Advisors report, which pegs the electronic gambling industry to be currently worth US$4.5 billion and expected to touch US$10 billion by the end of 2005. A similar report from the Informa Media Group predicts the online wagering to gross US$14.5 billion by 2006.