TVG to Supply Online Casino With Money Transfer Software
LAS VEGAS – As reported by the Israel Globes: "TVG Technologies (Nasdaq:TVGTF.PK), a secure smart card crypto interfacing systems developer, has signed an agreement with Las Vegas-based online casino company SuperCasino to supply its SmartNet system. The value of the products to be supplied to SuperCasino, along with other customers in the deal who were not named, is estimated at $50 million.
"SmartNet was developed by TVG Technologies in cooperation with Intel over a five year period. SmartNet will be supplied with software applications for online casino with multi users. SmartNet's main features include very high security protocols developed by TVG to transfer money with a smart card (Java card from Sun Microsystems) over the Internet using a mobile device.
"TVG and SuperCasino agreed to jointly build a new plant in Switzerland at the cost of $3 million to produce TVG's SmartNet product. The customers and TVG plan to finance the project through special Swiss government tax-free programs and bank loans…"