CasinoBuilders.com made a few key acquisitions this week that should establish the company as a major presence in the Netherlands Antilles.
The company announced Tuesday that it has signed a letter of intent to acquire CyberLuck, the holder of the master license for Internet gaming in that jurisdiction. The license provides the company with licensing protection, supervision, and security to all contracted casino operators. It also enables the company to issue unlimited licenses to existing and future qualified Internet casino and sports book owners.
CyberLuck has been operating as the Netherlands Antilles government's privatized licensing authority, for approximately three years. The licensing process is available for all types of Internet gaming software as well as for existing operations that would like to transfer to a new jurisdiction.
CEO Andy Ruppanner called acquisition the "crown jewel" of the company's gaming services. He also said that the company will work to help stable the rapidly growing online gaming industry. "Many existing casino owners operate under licenses that are not codified in parliamentary law, and some operate without licenses at all," Ruppanner said. "This is not good for the gaming industry. As pressures build from governments and customers to regulate and play at 'trusted' Internet casinos, CasinoBuilders.com will be there to assist casino owners with the highest quality Internet gaming licenses in the world."
The company will operate CyberLuck as a wholly owned subsidiary.
In addition to the CyberLuck deal, CasinoBuilders.com announced that it has signed a letter intent to acquire Conet N.V., a Netherlands Antilles Internet Service Provider (ISP) and Internet gaming operations support company.
Conet, which will operate as a wholly owned subsidiary of CasinoBuilders.com, provides total Internet gaming operations support to many international Internet gaming clients. Located in Curacao, the newly acquired company provides Internet connectivity directly at the Netherlands Antilles government's international communication complex located at the foot of their Earth Station. This unique, exclusive arrangement should deliver a speedy connection to clients. Transmission speeds will be further enhanced, as the government completes its media transition to all fiber communications in 4Q99.