GOCORP, Queensland's first online casino licensee, just signed a memorandum of understanding with software developer Gaming & Entertainment Technology (GET) and Trans Global Interactive Limited (TGL). The formal agreement should be executed by December 17.
The agreements are intended to help GOCORP develop and upgrade its software and interactive entertainment applications, enabling the company to provide state-of-the art online casinos and other offerings.
"Our partnership with Get Systems is a very exciting step towards the execution of our broader content strategy. Get Systems is a world-class provider of interactive entertainment products. We intend to establish GOCORP as the global leader in online gaming and entertainment, and a partnership such as this is integral to our focus on market leading
content," said Paul Appleby, GOCORP CEO.
"To seize and maintain a position of market leadership means continuously providing the world's most sophisticated and diverse games and entertainment products. For that reason our content strategy and content partnerships are a key focus and fundamental to GOCORP'S long term strategy," Appleby added.
GOCORP is the first company awarded an online gaming license by the Queensland government. In the process, the deal nearly toppled the government. After the government granted the company its online gaming license, it came out that three of Treasurer David Hamill's Labour Pary colleagues, including Parliament Deputy Speaker Bill D'Arcy, were
shareholders in a company that holds twenty percent of GOCORP. An investigation subsequently showed virtually no wrongdoing in the granting of the license.
As for TGL, earlier this year the company bought a 50 percent stake in GET, which develops Java-based online gaming software. Through the alliance, they were working to bring Wrest Point Casino online after undergoing the government validation process. The company was hoping to go live sometime this year.