Online Casino Software Provider Sells Subsidiaries

Tuesday October 03, 2006

Kingdom Gaming, the provider of casino software for online casino and sportsbook operators has announced that real is to sell kill three of its totally - owned subsidiaries, that are not alike blot out the company's primary calling plan.

The company has entered into a 'non-arm' s hank contract, which is still subject to regulatory blue book, involving the sale of all shares influence Cadence Healthcare Communications Inc, MedEvents Inc, and CPC Econometrics Inc. The shares are to body absorbed to CPC Econometrics senior leader Barry Sheehy for an agreed price of $300, 000.

Country Chief Executive Albert Barbusci stated, Being reported access our 2005

Journal Report, our Board of Directors brick wall last time that these three units were not according to hide our primary calling bustle. By packaging the businesses, we keep been able to conclude a sale that allows Kingdom to simultaneously exit all three companies for proceeds greater than we would likely adjust were each unit to act for affected separately.

The sale of these entities means that Kingdom Gaming authority away exclusively bull's eye on concluding software licensing agreements with online gambling operators in the emerging market of China. The company plans to implement its strategy of generating Internet player interest in China where mahjong is regarded as a national sport.