|Gaming Transactions has announced its entry into the online gaming entertainment sector with the acquisition of Keno Ltd, the licensee of www.keno.com. |
The acquisition, which finalized on September 30th of last year, includes the licensing of gaming transactional software and a number of games. Since then, the Company has built its infrastructure and attracted a management team with depth and experience in e-commerce; specifically, internet gaming and casinos.
The Company has also developed relations with credit card processing companies, and integrated operations with the gaming transaction software. The web servers are now being load tested with the www.keno.com site now in beta testing.
Patrick Smyth said, 'Keno.com is a great natural URL for this industry, and our focus will be to develop a rich Keno Games portal. I am excited to be given the opportunity to work with such a strong and viable venture, one which will pave the way in the morphing fields of the Online Gaming and Entertainment Industry. Building shareholder value through properly structured business development and strict adherence to fundamental control on expenses is paramount to my role, as is the growth of the company through online sales and portal acquisition.'