With the recent news of a U.S. crackdown on online sports gambling operations, the unveiling of new online sportsbooks is getting special attention, most of which is inquiring whether or not U.S. online gamblers will be targeted and/or permitted to place bets on the casino style betting software platforms. One such company to receive this attention is CYOP Systems International Inc., who has announced their plans and intentions to develop an online sportsbook that could be up and running before the end of 2006.
The subsidiary online casino and sports betting software company of CYOP, Red Felt Software Ltd., launched the Red Felt Online Casino just last month, which the company says they will market in Europe and Asia. True to their word, the entrance portal to their online casino has country-specific flags designating ten different languages on their software platform. Interestingly enough, the UK version, which obviously is in English, has a default currency of US dollars; However, as of yet, the US crackdown has been geared towards internet sportsbooks specifically marketing American bettors and has left the online casino gambling industry relatively alone, aside from some legal encounters with Antigua and Barbuda.
The potential for online gambling expansion in Asia, however, is enormous right now, which CYOP has taken note of, planning to follow up with a comprehensive online sportsbook also developed by Red Felt Software. The internet sportsbetting site, yet to be officially named, but likely under the url, RedFeltSportsBook, will offer online punters a variety of bets, including parlays, over/under, teasers and sport-specific money-lines. Of course, a major focus will be on European football, which both the Asian and European online gambling community seeks out.