CYOP launches latest online gambling venture

RedFelt Software Ltd., a wholly owned subsidiary of online gambling group CYOP Systems International Inc.has announced plans to enter the sportsbook sectorin the near future, complementing last months launch of Red Felt Casino.

Red Felt Sports Book.com will be focused on the Asian and European markets; areas where online gambling is growing at a frenetic pace.

The new venture will offer a full range of sports betting options and an extensive number of betting types including straight bet, parlay, over/under, money-line, and teasers. The site will offer a number of sports from baseball to basketball to boxing, as well as soccer lines from over 60 different countries.

According to Christiansen Capital Advisors, the SportsBook industry is currently valued at $8 billion, and growing at an unprecedented rate with the expansion of the Internet into emerging markets.

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