Pegasus Gaming finishes lotto licensing agreement
October 7
Pegasus Gaming Corp., an online gambling software
services company, is has announced that it has
accomplished a lottery licensing agreement with the
International Lottery in Liechtenstein Foundation (ILLF).
The terms of the licensing deal
are that Pegasus and its licensees will be authorized
re-sellers for the government run National Lottery, and
will share in a take of the revenues based upon a
sliding scale. As Pegasus signs on more licensees, it is
anticipated that lottery sales will increase
respectively, thus leading to a higher percentage share
of the lottery revenues.
The new license for the lottery
platform is even the 2nd license in the last 2
weeks that Pegasus Gaming has finished, following a
thorough due diligent process completed on the company
just days ago. Realization is already underway
between the two technical development departments to
deploy this new highly profitable venture into
production phase.
ILLF is a benevolent Foundation
that is approved and restricted by the Liechtenstein
government for the purpose of running a lottery in
Liechtenstein.
With the existing and constant
success of SportingBet, World Gaming, Crypyologic,
Chimera Technology and PartyPoker, Pegasus is definitely
in the position to benefit from growth. Its mobile
casino platforms are compatible with a large variety of
cell phones such as Nokia,
Motorola, Samsung and Sony Ericsson and more.