OLG’s business plan is to utilize it’s technologies ownership and managements’ expertise to collect revenues through providing the premier online games (poker, casino – basic and advanced games and sports book) to their affiliates and players globally. Our expertise and online reach as well as the quality of our software technology will enable OLG to collect net fees from our affiliates and players; it also will power OLG’s ability to provide its unique business model to global markets where large land-based firms are looking for online providers with the ability to provide them State access as such jurisdictions open up in online gaming.
This year we will continue to focus on new regulatory horizons and place our successful business model in other regulated markets. We have the right strategy and are executing it well, as was proven this past year. Following very positive recent regulatory licensing and legislation in New Jersey, Delaware and Nevada, we have invested in and have prepared our gaming platform in readiness for entry into the US market.
The success of our customer offering and targeted marketing is overcoming a backdrop of global economic uncertainty and we are now positioned to capitalize on the ever changing regulatory landscape. We have made significant progress in driving the business forward, preparing for our Initial Public Offering on the Canadian Securities Exchange and proposed listings on NASDAQ, The London Stock Exchange, Alternative Investment Markets, and Deutsche Börse Xetra – Xetra International Market. Our ticker symbol is OLG – “online gaming. The Company will continue to report to the United States Securities Exchange Commission, Canadian Regulators and various listed exchange regulators.
Carlyle’s unique “Hybrid online/land-based” model leverages the online “casual game type platform” that gamers enjoy with a future planned “tournament game model” which ultimately creates intense interest for participants. By combining this with selected partnerships among traditional land-based locations and OLG players will have very exciting access to online and land-based gaming systems and sites. The outcome being a gaming model which will deliver OLG game participants more entertainment as well as high-energy excitement.
Importantly, Carlyle can obtain licenses in jurisdictions that are now regulated because we are ourselves transparent (i.e., a public company). This corporate transparency is important in U.S. and Canadian regulated markets.