VirtGame hopes its new gaming products will light a permanent fire in the gaming industry.
“VirtGame is now licensed to distribute gaming devices with server based systems,” said attorney Anthony Cabot, who represented the company during a telephone briefing Friday.
“This company is a network software provider that permits clients to service their customers with the newest innovative technology available,” Cabot said.
Las Vegas Club has used VirtGame to power the over-the-counter operation at the downtown casino for more than three years.
Coast Resorts has also employed VirtGame, using its closed-loop system to accept sports wagers from within the state of Nevada. Coast did not need Gaming Control Board approval for its system. VirtGame’s backing from the Nevada Gaming Commission provides the legal base for expansion.
“The opportunity now exists for players sitting in sports books with multiple screens to use our software in between races, as opposed to going to counter and placing wagers,” said Michael Shillan of McMahan Securities, which is investing money into the success of VirtGame. “Receiving a gaming license gives us instant credibility in the industry and great financial possibilities.”
Basically, the software offers opportunities to wager on casino games at the convenience of your seat in a race and sports book, without having to worry about waiting in line or having to leave a game in the casino early.
“It is about convenience,” Shillan said. “The software offers an opportunity to purchase lottery tickets without having to wait in a 7-Eleven.”
Cabot indicated that VirtGame was negotiating the software rights with several casinos, but would not reveal names.
Coast Properties allows sports wagering from off premise locations, so long as the bets originate within the state of Nevada.
Casino-style wagering from residences are illegal under federal law both in Nevada and nationwide.