Mobile betting news

Cometa Wireless Gaming Systems Earn $2 Million for Casino Games

On May 14, 2007, UK based mobile gaming organization, Cometa Wireless Gaming Systems, announced to the public that they have received a total of $2 million for the first round of cash funding.

The investment was spearheaded by Mfusion. Cometa CEO, Rob Anderson, commented that they are looking forward to cooperating with Mfusion.

Mfusion's experience and familiarity with the gaming and mobile gambling market will be important to the expansion of Cometa's products.

Following the additional capital, Cometa also announced that they will be changing their name from Cometa Games to Cometa Wireless Gaming Systems.

Cometa, which offers casino table games for mobile phones, was formed in 2004. The company offers games like Blackjack, Joker Poker, Casino Roulette, Cops and Robbers, Adders and Ladders and Bingo.

In addition, Cometa stated that they are already in deep negotiations with different gaming organizations to arrange distribution procedures. Mobile Gaming has been in demand for the past few years now. Juniper Research even predicted that the global profits from mobile gaming would be $3 Billion to $17.5 Billion by the year 2010.

The Asia Pacific Market is expected to be the dominant market by that time. The region will also be the source of almost 60% of the total profits of the gaming market, with the European Continent contributing 31%, the North American Market contributing 22% and the remaining 9% between South America and the other parts of the world.

 

22 2007

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