|This initial release is designed to showcase the company's licensed software to prospective clients, and stakeholders. This version is the English play-for-fun version that is being rolled out on Sina.com. A site for players to wager in real dollars is going through final integration and will be ready for play in the near future.|
Red Felt Poker is a full-service turnkey poker gaming system that can be easily deployed by any Licensee. The Company can also provide the necessary management experience and support to licensees and their customers.
More than 200 online poker sites collectively are generating about $2 billion a year in revenues, equal to 40% of last year's $5 billion in gambling revenues from all of the Las Vegas 'Strip'. An estimated 1.7 million players are active online, meaning they've played in the past six months according to an MECN.net survey
'With this launch, we are now able to increase the number of games available for licensing and enter the poker industry,” said Mitch White, CEO of CYOP. “Our software has been priced to be competitive in the online poker market, making Red Felt Software a premier choice for both start-ups and established operators alike. Players who have used our games have found them to be realistic and entertaining.'