Interactive Gaming & Wagering (IGW), a owned subsidiary of Global Entertainment Holdings/Equities, Inc. announced an agreement with the Awakati Corporation, an online casino operator, for licensing of its Internet & Telephony Sportsbook System. The agreement is expected to generate $1.2 million in revenue for IGW over the three-year term of the contract.
The agreement calls for IGW to develop Awakati's Web site --http://www.sportsbetonline.com -- that will utilize IGW's Internet & Telephony Sportsbook System. The project is expected to be completed in March, when Awakati will open its new Web site to online gaming customers worldwide.
Founded in 1998, the Awakati Corporation is an entrepreneurial company that is currently developing two online gaming sites, http://www.instacashcasino.com and http://www.sportsbetonline.com. The company is headquartered in Willemstad, Curacao.