Cyberview Teams with Ladbrokes to Offer Turnkey Betting Service for Casinos; Agreement to Offer Sports Betting Systems to Licensed Gambling Venues.LONDON & LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Cyberview Technology, a leader of new technology for the gaming industry, today announced an agreement to team with Ladbrokes plc, the world's largest bookmaker, and to jointly supply a complete sports betting Sports betting is the general activity of predicting sports results by making a wager on the outcome of a sporting event. Perhaps more so than other forms of gambling, the legality and general acceptance of sports betting varies from nation to nation. package to casinos and other licensed gambling venues in the international market. Under the agreement, Ladbrokes will provide a full range of odds on sports events from around the globe. This will be combined with leading technology from both companies to enable casinos and other slot gaming venues to offer a comprehensive fixed-odds sports betting service to their customers via a turnkey package. Cyberview will market the new service as well as manage installation and integration, systems training, cash management and all technology support. Casinos will be supplied with a tailored screen display showing Ladbrokes odds, as well as bet capture systems. Ladbrokes will supply odds and liability management. Cyberview is currently in discussions with several Moscow casinos and as the service proves popular, it will be rolled out to other markets next year. Jean-Marie Gatto, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cyberview and Founder of the company stated: "This tailored package will open the door for casinos to offer sports betting on events around the globe. We're starting in Russia but hope to extend the service to other markets in the future." The system supplied by Ladbrokes and Cyberview will offers options for both large and small licensed premises to show live sporting events on screen together with betting odds Noun 1. betting odds - the ratio by which one better's wager is greater than that of another; "he offered odds of two to one" odds ratio - the relative magnitudes of two quantities (usually expressed as a quotient) on the outcome of events and betting in play throughout each event. Sporting content will be tailored to local markets. About CYBERVIEW TECHNOLOGY With more than ten years experience in server-based distributed gaming, the Cyberview Technology group of companies develops, produces and implements innovative, integrated solutions for the gaming, betting and leisure industries. Currently, the company provides Fixed Odds Betting Terminals (FOBTs) to betting shops, and race and sports books; Interactive Video Lottery Terminals (IVTs) to lotteries; and Class III-type gaming terminals to the casino industry. Its newest product is its International Betting Exchange (IBS IBS Irritable bowel syndrome, see there ), a collaboration with bookmakers which offers customers in licensed premises the ability to widen their offering for players with betting on sports events. Recipient of numerous industry awards, it was the first company in the world with technical GLI GLI Glider GLI Greater Louisville Inc. (Metro Chamber of Commerce in Louisville, KY) GLI Global Imager GLI Great Lakes Invitational (college hockey tournament) GLI Great Lakes Water Quality Initiative approval for its downloadable server-based system in the U.S. Class III gaming market. The company (AIM symbol: CYBS CYBS CyberSource (NASDAQ symbol) ) commenced trading on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. in 2005. For further information, visit the company's website at www.cybview.com. |
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