Global Games Corporation's bingo gaming site is up and running at www.Vegas-Live.com. For the next few weeks, it will be used to as a non-revenue beta test location.
At the end of the testing period, the software developed by Global Games will be licensed to Internet Gaming Corporation (IGC) in Dominica, West Indies and will become its primary revenue gaming site.
IGC will begin to generate its gaming revenues around July 31, reaching a forecasted annual net revenue from its software sales to $10.3 million and contribute $0.20 EPS shareholders of Global Games.
Global will monitor the public's response regarding the design, realism, functionality, performance, and enjoyment of their non-revenue U.S site during this beta test. It will use this information to guide the development of faster, better, and more entertaining software for its clients.
IGC will be the first major client to utilize Global's Java multi-player format. It will begin with multi-player bingo and will later offer Global's multi-player backjack (using Java), four versions of slot machines, video poker and video bingo calling (using Netshow) .
Global Games Corporation is an Internet-based commercial service business providing secure automated transaction processing for merchants and Internet customers. Global also licenses software for Internet gaming. It also provides management and consulting services.