March 2006
RealTime Gaming establishes new RTG ASIA to develop Asian market opportunities and service Asian market licensees
SINGAPORE– RealTime Gaming establishes new RTG ASIA to develop Asian market opportunities and service Asian market licensees
RealTime Gaming management announced the formation of a new Asian-based software development company - RTG Asia – to be operated and staffed in Singapore . The move is representative of RTG's growing focus on the burgeoning Asian market, and signifies a major step in the company's future success in the region.
“The truth is, to become a serious player in the Asian marketplace you have to immerse yourself entirely,“ says Daniel Schultz, RealTime Gaming Asia's CEO and Chairman. “We have been able to assemble a great team of talent that has a proven financial record in the region and shares our development and client-support growth philosophies.”
Schultz points out that the entire structure of the online gaming business operates differently than in parts of the West where gaming already has an established history. “From the games to payment methods to financial systems, gaming in Asia is literally like speaking a whole new language. We have enlisted native speakers in every sense of the word to ensure we do it right.
The new entity is the product of a joint venture between RealTime Gaming and two Asia-based companies, a partnership that should go a long way to ensuring the “native” perspective in the development and management of the new company. RTG's partners in the venture include the Vickers Financial Group - with a 25% interest in RTG Asia – and a prominent, publicly traded, technology leader in the Region.
"The principals in Vickers have in the past had very good experiences in investing in the gaming industry. As a result, we like the space - especially given the consumer boom across Asia in the offline sector as witnessed by Macau 's successes and Singapore 's moves to enter the industry,” says Dr Finian Tan, Chairman of Vickers Financial Group. ”All indications point to the online sector following suit. Yet there is no clear leader at the moment in Asia , and RTG looks set to be the first mover."
As an early entrant in the Asian market, RTG management is hoping to earn a demonstrative leadership position in the gaming software market in Asia . “The bottom line is, we have the right approach, the right team, and we're first to market with the high caliber Asian corporate alliances that we have in place. That's a tough combination to beat, “states Schultz.
The RTG Asia suit of online casino games will incorporate elements of RealTime Gaming's core gaming platform as well as games developed specifically for the Asian market. In addition to standard random-number-generated casino games. RTG Asia will offer Live Dealer gaming and an Asia-specific sports book platform.
“We're taking what we already know from our deep experience in gaming and customizing elements to meet the demands of players across the region,” says Schultz. “It's a great example of how we are approaching the entire business – we're marrying RTG's deep knowledge of the gaming business with experts in the region who understand how Asian gaming really works. It's a pretty powerful combination of talents that we think is poised for market-defining success.”
For more information about RealTime Gaming, visit www.realtimegaming.com
You can get info on Vickers Financial Group at www.vickersfinancial.com .
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