Velocity Gaming to Start New Online Casino In Europe

Published Friday, November 05, 2010 -

Reality shows on television are all the rage these days and with program developers getting in on the online gambling trend we are about to see more and more producers turning their talents into online gambling gold.

The Mashantucket Pequot Tribe based in St.Louis USA and it’s development wing Foxwoods Development Co has announced plans to build an online,gambling web site in the European facing jurisdiction. The plan includes a partnership with Goodson Gaming, whose founder and president has created such game shows as "The Price is Right" and "Family Feud." These shows among others have been huge syndicated hits world wide.

Foxwoods Development company’s president, Gary Armentrout, commented, "We’re going to pursue a license or licenses in those jurisdictions where Internet gaming is fully legal, regulated and taxed," Armentrout, added, "We’re proposing a unique business model combining a live TV game show with an Internet gaming site, and cross-promoting both to drive customers to the TV show as well as to the gaming site."

The new entity will be called Velocity Gaming, and it is suggested it  is negotiating a deal in as yet unidentified European country. According to Armentrout there is no capital being invested, "We are contributing our expertise in casino operations, games management and marketing in the same way Goodson is contributing expertise in television game show production," he continued.
A critcal mass is in the works with Goodson and Gaming Solutions International, which has been involved in the lottery industry for more than 25 years. This partnership has produced many successful lottery television productions, in many parts of the world including in the United States and South Africa.
Gaming Solutions International’s Mark Hutchinson, has been named the president of Velocity Gaming commented on the arrangemnet, "My partner, Goodson, is the TV guy and Foxwoods Development is the land-based casino operator."


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