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 Casino Village On Net NV's R&D group. |
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| Casino Village On Net Software: new gaming software company, has developed the world’s first peer-to-peer gaming |
| platform under the banner “BeTheDealer” that for the first time allows players to enjoy “house” odds. The company has signed on leading Internet websites Lycos and LastMinute in the U.K. These agreements, as well as others in the pipeline mediated by Ariadne Capital in Europe, helps position Casino Village on Net to capture a share of the growing online gaming market that market researcher Datamonitor estimates will grow to $5 billion in 2004 from $50 million in 1999 in Europe. Peer-to-peer technologies such as those employed by Napster and eBay are unique in their ability to virally market themselves to a large number of users. Similar to eBay, BeTheDealer charges as commission a fraction of the value transacted through its system thereby rapidly growing revenue. |
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