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Realtime Gaming Sells

Rumors in the world of online casinos suggest that Realtime Gaming (RTG) has recently sold both its source code and its programming team to a current licensee. The exact internet gambling company that bought RTG is unknown, but it does seem that there is a factual basis to these rumors.

Realtime Gaming’s Web site is no longer fully functioning; now when guests enter the Web site, they are taking to a single landing page. This landing page has the information for “Hastings International BV,” an authorized distributor of RTG.

Many are speculating that the Unlawful Internet Gambling Enforcement Act is responsible for causing RTG to sell. Based on the UIGEA, online casinos and internet gambling companies are banned from operation in the United States. A source close to RTG owners says that the previous owners of RTG felt that with the recent “War on Internet Gambling, ” and though “RTG doesn’t own or operate [online casinos] directly”, it wasn’t worth the risk of future legal troubles.

Hastings International B.V. is based out of Curacao and therefore the ideal company to take over the business as they will not be subject to US laws. And if the UIGEA continues to put pressure on the online casino gambling industry players could see a period of time when all of their favorite Web sites and companies are bought by foreign based companies.