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Chimera Goes Live with First Licensee
Chimera Technology Corp. ("Chimera") is pleased to announce that its
first licensee, 724SportsBook.com, operated by Market System Inc., will
be officially launching a live and fully operational site on Friday,
Feb. 13, 2004, 9 a.m. PST, Noon EST.
724SportsBook.com will immediately offer wagering on all major sporting
events around the world including NHL, NBA, soccer, golf, motor racing,
cricket and more. Furthermore, pari-mutuel horse racing will be
available in the very near future, as will the full line of casino games
once testing and debugging have been completed.
Chimera first announced the signing of Market System Inc. on Dec. 2,
2003, representing an exceptionally fast time to market and live
operation that compares with the world’s best providers of online gaming
solutions.
Chimera Officially Enters Explosive Growth of Online Gambling
Industry
The official launch of 724SportsBook.com officially enters Chimera
Technology into the explosive growth industry of online gambling. In the
company’s latest investor bulletin dated Jan. 20, 2004, Chimera reported
that U.K. residents spent more than $US6.4 billion in online gambling in
2003, while residents of the United States spent more than $US1.0
billion. More importantly, as a result of Britain’s Gambling Bill
expected to pass into law in 2004, making it easier for companies to run
online casinos from the United Kingdom, online gambling revenues are
expected to increase sixfold in the coming years.
Chimera President Ken Chua stated, "Today is a watershed day for both
the company and its shareholders. With the launch of 724SportsBook,
Chimera has proven itself capable of delivering robust and dependable
solutions to the market. The market has been waiting for this day for
quite some time and we expect more licensees to both inquire and acquire
our solutions. With the launch of our first licensee and large private
placement equity injections into the company, what more can be said than
watch out for Chimera in 2004 as there is nothing stopping our team from
reaching its business objectives in the lucrative online gaming
industry."
This press release is available on the company’s official online
investor relations site for investor commentary, feedback and questions
Read the
entire article at:
BusinessWire
2004 Online Casino News Archive
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