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Omicron Technologies acquires live interactive blackjack game

Discussion in 'Casino Industry Discussion' started by mary, Nov 19, 2002.

    Nov 19, 2002
  1. mary

    mary Dormant account

    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.




    --------------------------------------------------------------------------------
    Source: Omicron Technologies Inc.
     
  2. Nov 20, 2002
  3. spearmaster

    spearmaster RIP Ted

    Occupation:
    Devil's Advocate
    Location:
    Heaven
    I've seen this in person when it was still owned by MXM.

    I'm betting that it's no different than the technology Dr. Ho used. But the quality is better, and I was told by the CEO at the time that some strong safeguards had been built in.
     
  4. Nov 27, 2002
  5. mary

    mary Dormant account

    From school records management to online gaming? hmm.

    You must register/login in order to see the link.

    Our Mission
    To provide quality information management systems and support in an environment that fosters positive relationships between providers, clients, and community. Omicron Technologies, Inc. (OTI) envisions business, government, and community partners working together to help build stronger communities, especially schools.

    Our History
    OTI was founded in 1994 by a group of software developers. Our original focus was on customized solutions to the data management problems of local small businesses, schools, and hospitals. As our experience grew, we became increasingly aware of the commonality of solutions and of the inter-networking of communities of users. Consequently, the OTI approach to problem solving is now larger in scope, but remains locally based.

    Our Products
    Current OTI product development emphasizes web-based solutions to local problems. Information management is as local or as global as is appropriate, but access to resources and support is always available through a web browser. Our current product line includes a local school information management system, a security ID system, an asset tracking system, and a preventive maintenance system.

    Our Services
    Our service record is a reflection of our commitment to professionalism and community. Our new web-based support emphasizes quick, accurate solutions. Our telephone and our fax support are the precursors to web access to our support staff and remain in force. Our onsite training and support is personal and professional. Our community of clients is accessible for references.
    .....................
    Product
    Information LSIMS 2000 is a complete school information management system built specifically to meet the needs of Chicago Public High Schools.
    Think of all the vital information your teachers and school staff process in a single day from attendance records to student fees to counseling session and discipline referrals. Now imagine that all of this information could be quickly and easily entered into a single database, effortlessly accessible from anywhere in your school community.
    Whats the result? Your school staff has more time and energy to dedicate to their work with students, while administrators have easy access to the records and statistics they need to monitor any aspect of the school environment.


    Modules
    Part 1 LSIMS Modules are competitively priced, and can be sold separately, allowing you to choose only the features you want. Each school can customize their system to meet local needs and fit into any budget. LSIMS enables users to record and monitor information in each of the following modules:
    Attendance Track student attendance, tardies, and cuts over the school year. LSIMS can automatically alert administrators to absences and tardies, and even assign students to requisite detention sessions or parent conferences when they have too many unexcused absences or tardies using the Dynamic Data Expert. LSIMS Presence Tracker also includes a door swipe system allowing administrators to find out which students are in the building at any given time. The door swipe system is also perfect to use for safety and simplicity at dances, sporting events, and other school-wide functions.
    Counseling This simple component allows school counselors to document the purposes and outcomes of individual counseling sessions with students, as well as make recommendations for future guidance or disciplinary action. Also allows administrators to monitor the quantity and assess the quality of each counselors sessions in any given period of time.
     

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