New Business Model for Online Casino Software Licensing
A new online casino licensing deal was signed this week between the Vancouver-based Las Vegas From Home Entertainment company and Legendz Gaming Corporation. The online casino software that Las Vegas From Home Entertainment offers will be featured on Legendz Gaming’s online casino poker site ‘The Pig’, according to the new agreement. The contract ties Las Vegas Home Entertainment subsidiary, Action Poker Gaming, and the online casino operator.
Strengthened by the newly acquired license, The Professional Internet Gaming Company, or The Pig, will launch a newly developed poker network that will operate separately from the online casino poker room that is currently running. Under the license agreement, Action Poker Gaming will be able to maximize their profits by offering a ‘stand alone’ online casino poker network that will be under full control and supervision of the company. The site that is currently running will remains as is, and players that are familiar with it and visit it frequently will not have to adjust to a new platform, while the new online casino software is put to use in an all-new site that will appeal for the gambling public in general.
“Licensing our online casino software to a market leader such as Legendz, further confirms that our software is preferred as a leading online multi-player poker solution,” claims Jake Kalpakian, President and CEO of Las Vegas From Home Entertainment. By offering a business model of this kind -enabling clients to launch a separate network from their current online casino portfolio- the company is hoping to attract additional online casino operators and expects new deals to be signed soon.