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1st Technologies has been successful in "persuading" a number of major online companies to license its Internet technology, it appears from googling the company and indeed from our own archived reports going back as far as 2005.
They must know that $49 million won't be easily obtained, and I'm guessing it's now all about an agreement on legal costs and licensing negotiation.
If 1st Technologies can add Bodog to it's growing list of licensees (which appears to include Playtech, Orbis-Openbet, Sportingbet and others) it will have again made its point and some cash to boot.
Bodog is in a tough position here - for all Ayre's bravado about a successful defence it seems to me that to contest this Bodog would have to accept a US court's jurisdiction over it, which could give rise to more extensive complications for its business.
Like you, I don't see Ayre risking a personal appearance in the US under present circumstances.
But the road to compromise looks to be still open.
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jetset
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