ISW negotiating a contract to provide sports betting software
to Canadian provincial gaming operator
The embattled Ontario Lottery and Gaming Corporation seems to be
expanding its activities, according to a press release from
New Jersey-based Interactive Systems Worldwide Inc. which reports
that the company is in negotiations to supply the Canadian provincial
authority with its sports wagering product.
Recently at the centre of a retail outlet ticket scandal which
resulted in widespread executive changes in the top echelons,
the OLG has a new CEO (see previous InfoPowa reports)
and a firm commitment to fair and safe gambling on its facilities.
The organisation generates revenues of $6 billion and employs
more than 20 000 employees and associates, and is one of
North America's leading gaming enterprises.
ISW's announcement confirmed that the company has received
a purchase order, and shortly expects to receive an initial deposit
of $35 000 from the Ontario Lottery and Gaming Corporation.
The purchase order authorises the spending of up to $175 000
for software development and other services. This software development
is required for the modification of ISW's SportXction sports
wagering product to add certain features, including the offering
of parley wagering, required by OLG.
OLG is authorised under Canadian and provincial law to operate
gaming and wagering businesses within the province of Ontario.
The companies are currently negotiating a development/licensing
agreement, which would allow OLG to conduct a six-month field
trial of the modified SportXction product, after its completion,
for use in up to two casinos. ISW is optimistic that this field trial
will lead to a broader implementation in multiple casinos and
other on-site gaming venues throughout Ontario, Canada.
If successful, the system will have applicability in other Canadian provinces.
The purpose of the purchase order at this time is to kickstart
software development without waiting for the completion and
signing of the more definitive licensing agreement. Actual delivery
of the modified software will not occur until after signing the licensing agreement.
Bernard Albanese, CEO at Interactive Systems Worldwide stated,
"We are very pleased with this arrangement. The purchase order
initially provides the company with some short-term software
development revenue, but more importantly, we are excited by
the longer-term prospects of a broad based deployment of the
SportXction product throughout Canada."
Comments
I'm in shock if this is true. How will they be able to justify that their lines are 50% worse than the ones posted in the paper?
Toronto Star.
SPORTS BETTING FOR ONTARIO?
SPORTS BETTING FOR ONTARIO?
21 September 2007
ISW negotiating a contract to provide sports betting software
to Canadian provincial gaming operator
The embattled Ontario Lottery and Gaming Corporation seems to be
expanding its activities, according to a press release from
New Jersey-based Interactive Systems Worldwide Inc. which reports
that the company is in negotiations to supply the Canadian provincial
authority with its sports wagering product.
Recently at the centre of a retail outlet ticket scandal which
resulted in widespread executive changes in the top echelons,
the OLG has a new CEO (see previous InfoPowa reports)
and a firm commitment to fair and safe gambling on its facilities.
The organisation generates revenues of $6 billion and employs
more than 20 000 employees and associates, and is one of
North America's leading gaming enterprises.
ISW's announcement confirmed that the company has received
a purchase order, and shortly expects to receive an initial deposit
of $35 000 from the Ontario Lottery and Gaming Corporation.
The purchase order authorises the spending of up to $175 000
for software development and other services. This software development
is required for the modification of ISW's SportXction sports
wagering product to add certain features, including the offering
of parley wagering, required by OLG.
OLG is authorised under Canadian and provincial law to operate
gaming and wagering businesses within the province of Ontario.
The companies are currently negotiating a development/licensing
agreement, which would allow OLG to conduct a six-month field
trial of the modified SportXction product, after its completion,
for use in up to two casinos. ISW is optimistic that this field trial
will lead to a broader implementation in multiple casinos and
other on-site gaming venues throughout Ontario, Canada.
If successful, the system will have applicability in other Canadian provinces.
The purpose of the purchase order at this time is to kickstart
software development without waiting for the completion and
signing of the more definitive licensing agreement. Actual delivery
of the modified software will not occur until after signing the licensing agreement.
Bernard Albanese, CEO at Interactive Systems Worldwide stated,
"We are very pleased with this arrangement. The purchase order
initially provides the company with some short-term software
development revenue, but more importantly, we are excited by
the longer-term prospects of a broad based deployment of the
SportXction product throughout Canada."