Online Casino targeting Latin American audience to be launched next
World IT Report, Apr 9, 2003
Internet gaming solutions provider, Online Gaming Systems, is to launch an Internet casino linked to the UnoDosTres.com Internet Television Network, targeting the Latin American marketplace. Depending upon the length of time to complete the licensing process, the Casino is expected to go live during the second quarter of 2002. OGS has previously disclosed its agreement with UnoDosTres.com to develop and operate up to three online casinos.
OGS and affiliates of South Africa's Hoskin Consolidated Investment Limited (HCI) have completed an operating agreement for the casino, whereby affiliates of HCI will provide the financing for the casino and be the principal shareholders of the to-be-formed company, and OGS will provide the management and marketing for the casino, and contribute certain of its rights attained through the UnoDosTres agreement.
UnoDosTres (UDT) will contribute up to $155 million of bartered television and radio advertising for the promotion and marketing of the casinos, via its consortium of media and broadcasting partners throughout the United States, Latin America and the Iberian Peninsula. UDT will receive a portion of the net revenue generated from the gaming sites.
UDT will provide $50 million of bartered television and radio advertising for the casino over a five-year period. OGS will provide management and marketing services through its Australia and Las Vegas offices. OGS will receive a minimum management fee of $600,000 annually, plus incentives of up to $2 million annually if certain operating thresholds are achieved. -(World IT Report)
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Technology Articles
Most Recent Technology Publications
Most Popular Technology Articles
- BizRate to monitor in-store customer satisfaction for Office Depot stores - Market Intelligence
- Speed control of separately excited DC motor
- Effects of creative, educational drama activities on developing oral skills in primary school children
- Failed businesses in Japan: a study of how different companies have failed, and tips on how to succeed, in the Japanese market
- Political stability and economic growth in Asia
Presented by American Express