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Gambling News by Gambling Headquarters

Friday, March 24, 2006

Dynasty Gaming, Golden Palace Sign Deal

 

Dynasty Gaming Inc., a global online gaming sector leader with a first-to-market aggregate player, cash-wager version of Mahjong, today announced the signing of a contract with Golden Palace Limited. The contract, through Dynasty's Mahjong Systems Limited subsidiary, covers the installation and payment of royalties for the Company's Mahjong Mania gaming software. Mahjong is acknowledged as the world's most widely played game.

The Golden Palace contract is the seventh contract signed by Dynasty's MSL unit since marketing of the gaming software began in 2005 and it comes only a few weeks after a cash-wager version of Mahjong Mania was launched on the Ladbrokes' online sports betting site.

Dynasty Chief Executive Albert Barbusci stated, "We are delighted to have entered into an agreement with Golden Palace, particularly as it is one of the world's leading online casino operators with a very substantial North American client base. This represents a win for their customers as well as for our company. We recognized from the outset of our marketing efforts that signing contracts with even a small number of leaders in the online gaming sector would generate a broad interest for our gaming software amongst a wide range of online casino and sports betting operators."

"The increased level of enquiries we have received in recent weeks suggests that this wider interest is beginning to show itself," continued Mr. Barbusci. "The signing of Golden Palace, coupled with the recent signing of Ladbrokes, clearly illustrates the increasing demand for a cash-wager version of Mahjong."

Richard Rowe, Chief Executive of Golden Palace Limited, said, "Our research has shown the importance of continually adding quality gaming products to our mix of cash-wager offerings. We are confident that demand exists within our client base for an online version of cash-wager Mahjong, already the most widely played game in the world. It is our intention to have the game installed and ready for play within the next three months."

Mahjong Mania is the first-to-market version of an online, aggregate, cash-wager Mahjong game. Dynasty Gaming, through MSL, derives income from software licensing fees as well as a royalty or share of rake from each game played on the sites of those operators licensing the Mahjong Mania software. Dynasty's 76.9 million common shares are widely held by U.S., U.K. and Canadian investors.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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