Thursday April 4, 2013 : SHOSHONE NATION TO ENTER REAL-MONEY ONLINE GAMBLING MARKET
Nevada tribe set to launch e-gaming casino – but not for US players.
The Shoshone Nation tribe in Nevada has extended its technology agreement with the GEObet Network in order to launch real-money online casino gambling on the internet…but U.S. players will for now be excluded until the legal position of the pastime is resolved.
Announcing the decision to go live globally with the project Shoshone chief William Bills and GEObet CEO Gerry Gionet said Thursday that a target date for implementation of May 1st 2013 has been set
Gionet observed: “With the majority of US tribes looking to establish play-for-free sites, we believe that moving to a full play-for-money online casino is a better entry point for the Shoshone Nation. We believe this puts a precedent into the market place and sets a template for tribes and tribal casinos to get into e-commerce business with both feet.”
Chief Bills said, “We need to walk before we run with any business but it is important for us to walk the correct path. Play-for-free is being sold as an entry point and so far it has not proven to be a successful entry tool for data collection. We believe that opening for commercial business online is the correct path and GEObet Network is providing the pathway for us.”
Gionet added that the play-for-free market is heavily oversaturated, with a large number of social gaming free-play products vying for audience and working to monetise player bases.
He said the Shoshone’s will gain valuable experience in e-commerce and Internet gaming by taking this [real-money] approach and through the GEObet Network the upfront cost is zero.