While preparing for the future launch of its online poker website, online gaming company CYOP Systems recently announced that it plans to license online poker software by its wholly owned subsidiary Red Felt Software Ltd. Licensing the online poker software is part of CYOP's campaign to capitalize on the online poker boom. CYOP is currently trying to register Red Felt in the UK.
The upcoming Asian online poker site is also part of CYOP's campaign. Though some industry analysts have predicted that the online poker market will near saturation in the coming years, CYOP is the first company to target the Asian online poker market and thus will benefit from the growing, untapped market. Although CYOP initially planned to launch its online poker site by May 1st, the company decided to push off the launch in order to be certain that "it is 100% market ready with beta testing complete, translation complete and all integration issues resolved," as stated by CYOP CEO Mitch White.
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