GGNC to Enter Software Biz

18 August 1999
Online casino operator GIC Global Intertainment Corp. (GGNC) announced today plans to expand its operations to include gaming software development.

The company, which markets itself heavily in Asia, has operated Cyberbetz, an online casino and sportsbook since September 1998 using casino software developed by MicroGaming Systems and sporstbook software by WorldNet Casinos. It will eventually switch over to using its proprietary turnkey software for both casino games and sports betting, although no dates have been announced.

"With the fast growing development of telecommunications networks worldwide, especially in Asia, and the emergence of new technologies, have created opportunities to develop innovative, efficient, and secure ways to deliver real time information and entertainment to customers online," GIC Global President and CEO James Chu said. "GGNC is one of the first companies in the world to employ these new technologies on the Internet. We intend to capitalize on this technological lead and early market entry to become one of the world leaders in online turnkey gaming systems and technologies."

Chu says the company will continue to focus on the Asian market and is currently in talks with several potential licensees in that region. "Our main focus of marketing for our turnkey gaming systems will be in Japan, Taiwan, China, Macao, Philippines, Malaysia, Great Britain, France, and the United States," he said. "GGNC is not only a pioneer in the industry but also as a leader who helps to shape and define the future of online gaming."

GGNC licensees will be able to operate a multi-venue, complete gaming experience which the company believes will increase its market share dramatically and strengthen its position in both the Asian and international markets. The company, as the licensor, will receive a percentage of the total net gaming revenues, along with additional revenues from custom website design, electronic funds transfers, offshore back room support services and online gaming management services.

The company, which recently launched a sports information site ( and an online lottery (, will also soon launch live horse racing and dog racing broadcasts via the Internet, coupled with participation in pari-mutuel pools in Asia. It will receive a percentage of the pool bets placed through its network. Facilities in Vancouver will be used in broadcasting these events.