CYOP Brings Online Poker to Asia Amid Record Market Growth
Online skill gaming provider targets Asian portals for integration of its new Poker software
Wednesday 30th March 2005
CYOP Systems International, a developer and provider of online skill-games and video games, has announced that it will be targeting Asian portals for integration of its new Poker software.
Claiming that Asia is fast reaching the critical mass and interest needed for online poker, CYOP hopes to become the early leader in the field. With its backend licensed CrediPlay financial systems already localized into Traditional and Simplified Chinese, CYOP has begun working on the front end game translations of its poker games.
According to a recent report from IDC Online, gaming revenues in the Asia-Pacific region will reach $1.84 billion by 2008. Overall, online gaming subscription revenues in the Asia-Pacific region (excluding Japan) are projected to more than double by 2008 to $1.84 billion from $760 million in 2003.
‘Recent reports have Chinese Internet users spending an average of 12.3 hours per week online with gaming and entertainment being the second most popular online activity,’ said Mitch White, CEO of CYOP ‘Combined with reports that China expects it will have a total of 120 million Internet users by the end of 2005; a 28% increase from the 94 million users in 2004.’
‘If the numbers bear out, China will have the second largest number of Internet users, after the US. And given the propensity for online games, Poker is a perfect fit.’