There have been news releases before on the new licensees of this group but perhaps this one will really kickstart this concept. David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. has announced that the Sale Agent Agreement signed with Vaudeville Holdings has delivered its first signed licensed Sportsbook.
This contract is the first of a series of Casino/Sportsbook sites from Vaudeville Holdings.
According to the company, the licensee is located in Costa Rica and has been granted the "Winners Seal of Assurance" offering Winners Customers another gaming site selection. The technical team at WINR is currently handling the necessary steps to connect the site for safe, secure, and confidential online processing. This will enable their Sportsbook customers to utilize WINR not only for its online processing services but also gives its customers access to the only debit card within the gaming industry, which has been developed exclusively by WINR. Upon the sportsbook going on-line, WINR will receive a $50,000 licensing fee and will announce revenue projections on the contract.
It would appear that Winner's Network has found a new target market.....those phone wagering sportsbooks which are now converting to the internet. Skinner notes, "WINR offers a solution for offshore Sportsbooks who elect to change over to Internet play. It is a market we are actively targeting because it is still in the infancy stage." IGN wonders if the company is keeping those records onshore at its Florida office or strictly offshore.
The company is also making a play for the European market when it says that WINR is able to process the new Eurodollar which opened to the world markets on January 4th. WINR processing, based in Europe, has a system which provides currency conversion with all major world currencies. Their earlier recognition by the CyberLink Trust in Liechtenstein, provides asset management under the direction of Intertrehuand Aktiengesellschaft, a fully licensed
Liechtenstein trust and asset management company which has operated since 1978.
As a publicly traded company, they're clearly finding out that misinformation has its downside. They state, "WINR has received many inquiries regarding the last news announcement. To clear up any confusion, WINR is projecting $8-10 million in processing fees and $1-1.5 million in licensing fees from the sites already on-line. Any additional contracts, including this one will add to these projections and will be announced at a later date."