Wilmington, DE -- Starnet Communications International Inc. (NASD OTC-BB: SNMM) announced August 27 that it has licensed Softec technology to one of the Internet Casinos Inc. (ICI), a pioneer of Internet gambling.
ICI (www.casino.org), a private corporation based in Belgium, claims to have generated US $120 million in revenues since accepting its first Internet wager on August 15, 1995. ICI founder Warren Eugene has also acquired a position in Starnet on the open market.
"We're changing to the Softec package because the software's beautiful and the network systems are robust," Eugene said. "We're comfortable with Starnet's upstanding profile in the industry... The more credibility online gambling earns, the better off we'll all be."
ICI will be provided with three customized Internet gaming systems, which will feature virtual Casino games, a Sportsbook with real-time odds fed from Las Vegas and Europe, a virtual Bingo hall, an international lottery ticket brokerage and simulcast horse racing. ICI's customers will be able to place wagers via the Internet using a secure financial transaction system. ICI's systems will be operated as "Casino of the Sea," "Casino of the Clouds" and "Casino Havana."
Softec Systems Caribbean Inc. (www.softecsystems.com) is a wholly owned Starnet subsidiary, which licenses its Internet gaming technologies to independent operators in exchange for participation in the licensees' revenues. Softec now has eleven licensees.