Prior to and following the passing of the Internet
Gambling Enforcement Act 2006, Vegas Wireless
Entertainment (VWE) has never, does not and will not
license its software to existing and future operators
who accept bets from US players.
VWE's software incorporates back-end features that
enable operators to control and efficiently take such
action to block specific jurisdictions. Accordingly, the
Company has requested that its existing and future
licensees block transactions from players residing in
the US.
VWE will waive its right to any licence fees with
respect to any revenue generated from US players as
identified in reports that the Company receives from its
licensees. The Company has substantial business
development opportunities worldwide. As well, VWE
receives a significant percentage of it’s revenue from
play for fun and play for fantasy games which do not
fall under the Gambling Act. The Board reiterates that
the Company's new business and product development
pipeline, including commissioned products, is entirely
focused on non-US markets, as are all new licensees.
About Vegas Wireless Entertainment
VWE is a software developer and content provider for the
mobile gaming industry and mobile carriers. As well, VWE
offers white label solutions and facilitates taking
on-line gaming companies wireless. VWE has offices in
London and Toronto. For more information please, visit
www.vegaswirelessent.com
