Gaming Transactions Retains Prestige Asia
Gaming Transactions, Inc. a developer and provider of online games and services for the online entertainment and gaming industries announces it has retained Prestige Procurement and Networking Services (Prestige Asia) to manage the Global Investor Relations program. The Company's central licensed games portal, keno.com , is a destination online gambling property where players may participate in a number of gambling and online gaming fixtures. keno.com is licensed to Keno.com Ltd. (UK); a wholly owned subsidiary of Gaming Transactions Inc. Sutida Suwunnavid of Prestige Asia said, "Gaming Transactions Inc has great growth potential in Asia, both in the area of online and mobile gaming" Gaming Transactions Inc. has always viewed Asia as a prime market, being able to take that step should significantly impact revenue and profits in the coming year. The online gaming market in China is expected to grow by 28 percent this year with revenues reaching US$970 million according to new figures from iResearch. This would put China just ahead of Korea's US$960 million in online game revenues.
It's also interesting to note the rapid expansion of Internet use in China. Another report from eMarketer, China Online, delves into the incredible potential for the online market in the country. There were more than 111 million Internet users in China in 2005 and that number is expected to exceed 180 million by 2010.