Omicron Technologies, Inc. continues to aggressively solidify its presence in the online gaming industry. The company announced this week that it has acquired the bingo operations of Belize-based Kaleidoscope International Ltd. The software is being purchased for 250,000 restricted common shares of Omicron.
Omicron now has the development software and design, in addition to Kaleidoscope's Java camera system and three URL's. The bingo software will be completed by Cyberweb Systems Inc., a wholly owned subsidiary of Omicron, and Kaleidoscope's technical team. The completion of the bingo site programming is expected to take three months, followed by a period for beta testing.
The bingo site will display, in real-time using a Java-based camera system, a "live bingo hall" from three angles showing the hall itself, the number board and the bingo balls as they come out of the machine. A payout of 50 percent will be made to winners with an additional 10 percent hold back accumulated for "bonus" games. With an average of 100 players per hour, revenues are projected to exceed $26 million annually, 40 percent of which will go to Omicron.
For more information on Omicron, visit http://www.omicrontechnologies.com.