Foxwoods makes move into online arena

[The Buzz]

Goodson Gaming and Foxwoods Development Company have formed Velocity Gaming, which will focus on pursuing regulated online gaming worldwide. Foxwoods Development Company is owned by The Mashantucket Pequot Tribal Nation and is based in Connecticut.

The GPWA has a press release about the venture:

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Goodson Gaming and Foxwoods Development Company announced today the formation of a new joint venture, Velocity Gaming, that will focus on pursuing regulated online gaming, lottery, and related opportunities worldwide. Velocity Gaming brings together industry leaders in casino gaming, television game show production, and global lotteries in order to produce an unparalleled combination that will generate product awareness, drive incremental game play, and create new and exciting customer experiences in the interactive gaming world.

The joint venture brings a unique and proven business model to online gaming by combining an online casino site with a weekly television game show, produced by legendary game show producer Jonathan Goodson. The game show will serve to drive visitation to the casino site, and vice versa.

Goodson Gaming comprises television producer Jonathan Goodson, who co-created or produced such hit network game shows as The Price is Right and Family Feud, and Gaming Solutions International, which has provided turnkey start-up lottery services for over 25 years in the United States and globally. Together, Goodson Gaming has developed 26 successful lottery television productions worldwide that have served to significantly enhance lottery ticket sales in each market. Now Goodson Gaming, in partnership with Foxwoods Development Company, brings these same capabilities to the online gaming world.

Foxwoods Development Company is wholly owned by The Mashantucket Pequot Tribal Nation, the owners and operators of Foxwoods Resort Casino and the MGM Grand at Foxwoods, collectively the largest resort casino complex in North America. Foxwoods Development Company was formed in 2004 as a commercial entity for the purpose of acquiring, developing, and/or managing commercial and tribal gaming properties. Velocity Gaming will benefit from Foxwoods Development Company's extensive casino gaming and technical expertise, as well as its leading position among Native American Tribes in the United States.

"Foxwoods Development Company and Goodson Gaming bring a plethora of experience in gaming, lottery, and mass media. I have no doubt that combining Goodson Gaming's proven success in launching lottery game shows worldwide with Foxwoods Development Company's gaming expertise will create an unmatched force in the interactive gaming world," said Jonathan Goodson, Chairman of Goodson Gaming.

[grem]

everyone is going for gambling online

[davenewgates]

That's right, knowing the huge income opportunity that industry comes with. Also, everyone is looking forward for the possible legislation of online gambling.

[JoeAdams]

It's no longer surprising if anyone make their move towards online arena due to its growing industry. Of course, every one would like to go into somewhere where big achievement awaits.

[videopoker.com]

It's coming and it's coming fast. Online gambling will see a new face in the upcoming years. A lot going on in Vegas with the gearing up for online action.
The law will be changing and the way of old online casinos will be out the door.
Don't think many will play at casinos with no land based casino behind them. But I could be wrong.

[Casinorep]

Would be interesting to see what geographical locations it would accept bets from.

[big fish]

it all makes sense, the big gaming companies are smart and their bets are placed. now its only a matter of time...

[grem]

will they offer a bonus for their online casino?