Tom Hughes, Chairman and CEO, announced Tuesday that Betting, Inc. has joined with GameWay Technologies to develop and market applications for its ATM card with PIN payment processing technologies into the public gaming sector. The initial project of the joint-venture, to be known as “WinLink,” is to provide self service instant-payment capabilities for account wagering from public locations such as Sports bars, airport lounges and hotel lobbies.
State Off-Track Betting (OTB) phone account holders will soon be able to use their ATM card and PIN to replenish available balances in their accounts immediately with instant and non reversible cash, and without the exorbitant surcharges connected with credit-card cash advances currently in use. Players will use Betting Inc.’s PayMaster device (with exclusive patents licensed to it by ET&T) to assist in adding non reversible ATM card with PIN cash to their accounts with OTB’s, casinos, lotteries, etc., wherever such account wagering is legal. In-state account wagering is approved and in operation in eight states (including New York, Connecticut, Pennsylvania, Kentucky, Ohio and Nevada).
WinLink will pursue global home usage wagering applications, such as in Australia and Great Britain.
The WinLink joint venture will be managed by GameWay President Scott Jacobs. Mr. Jacobs was the founding V.P. Marketing of SportXction in Las Vegas, and is known for introducing innovations into legal lottery and gaming, such as telephone and PC playability.
Betting, Inc. looks forward to a very profitable relationship with GameWay and will process all of WinLinks’s transactions.Details