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Omicron Technologies acquires live interactive blackjack game
Wednesday November 6, 2:22 pm ET
VANCOUVER, Nov. 6 /PRNewswire-FirstCall/ - Securing its position in the ever growing, potentially explosive field of Live Interactive Gaming, Omicron Technologies Inc. (NQB Pink Sheets: OMCN - News) has acquired all of the rights, titles and interests in a Live Interactive, remotely played Blackjack Game from MXM Media Services, Inc. of Las Vegas Nevada. The game is jointly owned with Station Casinos, Inc. (NYSE:STN - News), a gaming enterprise that owns 8 hotel- casino facilities in Las Vegas. Omicron will manage the completion of the development of "BJ-Live". BJ-Live, which can be played on a PC, consists of multiple tables where live dealers interact with the seated players in a real casino. At present, up to 7 players can play simultaneously at one table, just as with casino blackjack, the software enables players to stand, hit, double down, split, buy insurance and even "surrender". PC players can even tip the dealer with a click of a button.
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BJ-Live's added features include time-outs to keep game play moving along, and players are permitted to sit out a few hands without losing their seat if they need a short break. For players who desire a particular seat, a waitlist and notification system exists to let them know when their seat becomes available. The game interface consists of various fields and buttons. The player's current balance is displayed along with his bet amount, the card total value, and a status bar that provides useful personalized messages to the player. Hand indicators display player nicknames and will highlight when an action is required. A digital clock is used to count down the time a player has left to make an action. The game interface also has text chat for communication with other players and the dealer.
"Although live interactive gaming has been around for a while, we believe that BJ-Live is the ultimate blackjack experience in extra-casino gambling. We look forward to completing the development of this unique product and continuing our efforts to becoming the leader in providing live interactive gaming products for land-based casinos and bingo operators throughout the world. We expect to showcase this technology and have BJ-Live up and running by the end of this year," said Omicron CEO Sak Narwal.
Management is very encouraged by the financial opportunity presented by the BJ Live game. Each table is estimated to generate $278,000 annually in revenue and $135,000 in net income. With only 200 tables operating, annual revenues would be approximately $55 Million producing a net income of $27 Million.
Omicron Technologies, Inc. acquires, provides R&D and markets leading edge technologies and Internet-based business concepts. Through a combined strategy of targeting specific market niches and delivering unique products with wide appeal, OMCN intends to gain significant penetration into these markets.
Disclaimer: Statements, which are not historical facts, are forward- looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
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Source: Omicron Technologies Inc.
Wednesday November 6, 2:22 pm ET
VANCOUVER, Nov. 6 /PRNewswire-FirstCall/ - Securing its position in the ever growing, potentially explosive field of Live Interactive Gaming, Omicron Technologies Inc. (NQB Pink Sheets: OMCN - News) has acquired all of the rights, titles and interests in a Live Interactive, remotely played Blackjack Game from MXM Media Services, Inc. of Las Vegas Nevada. The game is jointly owned with Station Casinos, Inc. (NYSE:STN - News), a gaming enterprise that owns 8 hotel- casino facilities in Las Vegas. Omicron will manage the completion of the development of "BJ-Live". BJ-Live, which can be played on a PC, consists of multiple tables where live dealers interact with the seated players in a real casino. At present, up to 7 players can play simultaneously at one table, just as with casino blackjack, the software enables players to stand, hit, double down, split, buy insurance and even "surrender". PC players can even tip the dealer with a click of a button.
ADVERTISEMENT
BJ-Live's added features include time-outs to keep game play moving along, and players are permitted to sit out a few hands without losing their seat if they need a short break. For players who desire a particular seat, a waitlist and notification system exists to let them know when their seat becomes available. The game interface consists of various fields and buttons. The player's current balance is displayed along with his bet amount, the card total value, and a status bar that provides useful personalized messages to the player. Hand indicators display player nicknames and will highlight when an action is required. A digital clock is used to count down the time a player has left to make an action. The game interface also has text chat for communication with other players and the dealer.
"Although live interactive gaming has been around for a while, we believe that BJ-Live is the ultimate blackjack experience in extra-casino gambling. We look forward to completing the development of this unique product and continuing our efforts to becoming the leader in providing live interactive gaming products for land-based casinos and bingo operators throughout the world. We expect to showcase this technology and have BJ-Live up and running by the end of this year," said Omicron CEO Sak Narwal.
Management is very encouraged by the financial opportunity presented by the BJ Live game. Each table is estimated to generate $278,000 annually in revenue and $135,000 in net income. With only 200 tables operating, annual revenues would be approximately $55 Million producing a net income of $27 Million.
Omicron Technologies, Inc. acquires, provides R&D and markets leading edge technologies and Internet-based business concepts. Through a combined strategy of targeting specific market niches and delivering unique products with wide appeal, OMCN intends to gain significant penetration into these markets.
Disclaimer: Statements, which are not historical facts, are forward- looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
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Source: Omicron Technologies Inc.