Cool Divident For Zone4Play
Published: Tuesday, November 22, 2005 Online-Casinos.com
COOL DIVIDEND FOR ZONE4PLAY
Winner Channel iTV deal brings solid rewards from 40 percent monthly growth
Technology developer Zone4Play will be pleased with its partnership with Winner Channel this week following the announcement that growth and profitability has materially surpassed all projections.
Zone 4 Play serves as the sole technology partner of the Winner Channel, UK's first cable interactive TV fixed-odds gaming service and is entitled to 45 percent of the net revenues generated by the venture.
Shimon Citron, CEO of Zone 4 Play, said: "We are delighted with the progress the Winner Channel is making in terms of subscriber numbers and gaming revenues. Over the past quarter the actual deposits have grown at a compound monthly rate of over 40 percent.
"The growth rates realised to date in the UK support the industry projection that interactive television betting will reach $3.8 billion in Western Europe in 2007."
Launched in mid 2005, the Winner Channel is available to approximately 2.5 million subscribers through the interactive services of UK's cable companies Telewest & NTL. The Channel is also affiliated with Channel 4 (the second largest commercial broadcaster in the UK) and Flextech Television (one of the largest cable and satellite broadcasters in the UK). As at the end of October 2005 the channel had 15,000 registered users and has revealed plans to launch an internet site and a java download mobile betting proposition to accompany the interactive TV service before the end of the calendar year.
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