“CYOP Systems wise step in setting up a London-based Subsidiary”

A software company called CYOP Systems, made public its intention of setting up British-based subsidiary called Red Felt Software Ltd. CYOP Systems supplies Internet games requiring skill such as poker games and in addition a wide assortment of services for gambling online.

CYOP’s idea to set up Red Felt Software in the United Kingdom was an astute business move as new laws had recently been passed in Britain encouraging the enhancement of and bettering the rulings relating to the industry of gambling. Red Felt Software is aiming at providing poker software as its own product and CYOP Systems anticipates the online poker’s increasingly growing popularity will goad this success.

It was decided to postpone the launching of CYOP’s poker game software originally planned for May 1, 2005 in order to ensure that testing the product would be completed and that the product would be ready on time for the market. Making a statement, Mitch White, CYOP System’s Chief Executive Officer explained that although the launching of the poker game was originally set for May 1, 2005, it has now been delayed to make sure that it’s hundred percent ready for the market after having finished the testing of the beta model, with having completed translation, and the SINA network would be ready after having resolved all integration problems before launching and marketing.

It seems that according to all the figures and facts concerning online gambling at CYOP’s London’s subsidiary will be very successful. Forty percent of the gambling revenues gained from the Las Vegas casinos in the previous year came from online poker which is equal to two billion dollars of revenues. According to Poker Pulse, a company monitoring online poker markets, an assessed number of one point seven million online players are active in the gambling market, with some one hundred and fifty thousand gambling on any particular day. This means that a rise of some thirty percent online gambling has occurred each year. These statistics indicate that CYOP’s place in the online gambling market is extremely secure, and it’s understandable that they are planning to inaugurate the first Asian poker site on the Internet. All this gives the company the ever-secure feeling concerning its product and the online gambling market’s future.