Casinos.co.uk: Casino News Archive
Friday 1st October 2004
Real Estate Company Go iGaming
Senticore Inc, has become the latest in a stream of non-gaming companies hoping to jump aboard the burgeoning gaming band wagon. The Florida based company has interests in residential and commercial real estate, land development projects, timber plantations, and professional sports, and has just announced that it has been granted a ‘broad ranging’ casino permit by the government of Venezuela.
'The acquisition of a gaming license demonstrates Senticore's intent to further diversify its holdings within high growth industries,' said chief executive officer, Jay Patel. 'The gaming industry has seen a large surge in recent years, and with the increasing availability of high-speed Internet access all over the world, we expect the Internet gaming industry to continue to experience double and even triple digit growth for the next five years.'
The company plans to operate a land-based and Internet casino on Margarita Island, which the company describes as an ‘untapped Caribbean hotspot’. 'An enormous growth opportunity exists in tourism and gaming,' said Carl Gessner, Senticore president. 'With a bit of promotion, Margarita can become something very special. We believe we are taking advantage of the perfect opportunity at the right time.'
Senticore plans to establish an Internet gaming presence by the end of the year including a sportsbook, traditional casino table games, poker, slots and more.
Source:OnlineCasinoNews
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