|Nicosia, Cyprus - November 04, 2004 - Leading software developer Playtech announced today the signing of a master license agreement with Home Gambling Network, a wholly owned subsidiary of i2corp.com (ITOO), for use of HGN's patented live gaming technology. Under the terms of the deal, Playtech will sub-license live gaming services to its software licensees.|
Playtech is currently the only major gaming solutions provider to offer operators a choice of both RNG-based games and live video stream games, where customers play opposite real dealers, in a single software application. Based on the company's acclaimed online casino platform, live gaming utilizes advanced video streaming technology to personally connect dealer and player, replicating online the human warmth and sociability of the land-based experience. Players can watch the dealer performs actions such as spinning the Roulette wheel, dealing cards and throwing dice and can engage the dealer in 1-on-1 live chat - all in real time.
HGN was formed for the purpose of marketing and licensing U.S. Patent 5,800,268, a business method for wagering on live games and events utilizing electronic financial transactions. Its patent has been applied for in Australia, Canada, and the European Patent Office. The European patent was published in November of 1999.
By awarding a master license to Playtech, HGN, whose licensees include Drho888.com and CompuRace Inc., have seen the total number of operators using their technology multiply considerably. Currently eighteen of Playtech's licensees feature live games on their sites, and more are being added each month.
More on HGN
Home Gambling Network is a wholly owned subsidiary of i2corp.com, (i2corp) is a publicly traded company (ITOO) that develops intellectual property and enabling software platforms related to the gaming and entertainment market.
i2corp's business model is based upon licensing of its IP and gaming platforms. Revenue is generated through license fees, recurring IP licensing royalties, administration and maintenance fees for software platforms, consulting and custom development. i2corp's management team is comprised of a small and tightly integrated group of entrepreneurs and inventors with backgrounds as varied as engineering, software development, building systems, securities promotion and sales. The company staff is comprised of its management, developers and outside counsel.
More on Playtech
Playtech develops unified software platforms for the online gambling industry, primarily targeting existing online operators wanting to upgrade their system, sportsbooks looking to diversify, and land-based operators making their online debut. Playtech gaming applications - online casino, poker, bingo, live gaming, land-based kiosk networks, and fixed-odds games - are fully intercompatible and can be freely incorporated as stand-alone applications, accessed and funded by players through the same user account and managed by the operator by means of a single powerful management interface. Founded in 1999, Playtech today has over 170 employees distributed globally, approximately two-thirds of whom are engaged in research and development of current and future gaming technologies.
CEO / President: Mel Molnick
Address: PO Box 97957, Las Vegas, Nevada 89193, USA
+972-3-613-9990 ext 131