The high profile CEO of W Technologies, Wayne Root, says the Nevada based online social media and gaming company plans to offer online poker if it is successful in raising capital for the project.
In a statement Tuesday, Root said, “Contingent upon the successful raise of our next round of capital, WTCG anticipates launching an online poker site offering online play for free as well as prizes to players globally.
“We believe the development of the first version of the future site may take 4-6 months to complete. In parallel with the software development, WTCG intends to apply for a Nevada gaming license.
“If the Company meets the requirements of the State of Nevada and is granted a license, or decides to joint venture with a Nevada land-based casino license holder, it aims to be in position to allow residents of Nevada and outside the US to play games for cash.
“Naturally, no one can guarantee the issuance of a license, but we are optimistic that there is a bright future for online poker in Nevada and other states through the country.”
WTCG intends to use a social gaming advertising agency to assist with its market strategy, Root revealed. This unidentified company apparently has access to several databases of known gamblers which it will seek to monetise.
Root also claims that his personal relationships with well-known professional poker players and celebrities will be leveraged, building strategic relationships for the new venture.
Root is an experienced US sports handicapper and is the only member of the sports gaming community to be awarded his own star on the Las Vegas Walk of Stars. He has also dabbled in politics as the former Libertarian Party vice presidential candidate, and is a television personality and the author of several best-selling books.
W Technologies, Inc. and its subsidiary, SoMo, focus on the integration of social media such as Facebook, Twitter and LinkedIn.