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TS&B Gaming & Entertainment Corp, the
subsidiary of TS&B Holdings, Inc. today
announced its plans to enter the
multi-billion dollar online gambling
space, later this quarter.
The company said it was currently
reviewing several online platforms and
software including blackjack, roulette,
craps, pai gow and slots, among others.
TS&B said it would also acquire an online
gaming software provider over the next few
months.
‘We are very enthusiastic about
positioning the new subsidiary into the
multi billion dollar online gaming sector
and exploring possible acquisitions in the
gaming and entertainment sectors. With
funds we have received from Compass
Capital Group, we are now expanding our
gaming and entertainment division,’ said
James E. Jenkins.
CEO of TS&B Holdings.
TS & B cited a recent Christiansen
Capital Advisors report, which pegs the
electronic gambling industry to be
currently worth US$4.5 billion and
expected to touch US$10 billion by the end
of 2005. A similar report from the Informa
Media Group predicts the online wagering
to gross US$14.5 billion by 2006. |