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by Iain Hepburn on 04 February 2002 10:15:00 GMT A new peer-to-peer gaming platform that enables players to enjoy house odds is to launch this month on Lycos and Lastminute.com. BeTheDealer, developed by Casino Village on Net, will go live on the portals later this month, offering customers the chance either to compete as a player or as the house. Developed after software research by graduates from Israel’s leading technology institution, the Technion, the system was created in a bid to develop software different to the existing gambling sites online. The company will generate revenue through charging a commission based on a fraction of the money being transacted through the game, and has been helped in brokering its UK deals by Ariadne Capital. “The online gaming industry is maturing and gaining credibility – BeTheDealer is another inflection,” said Julie Meyer, CEO Ariadne Capital. “BeTheDealer blends breakthrough technology of an ICQ with the viral peer-to-peer distribution of a Napster. Casino Village is poised to be to gaming what eBay is to auctions.” The new betting system comes after the success of P2P sports betting site Betfair, with P2P betting transactions tipped by some as the most significant development for punters in more than two centuries. The BeTheDealer system allows players to take part in regular online casino games but, when they have accumulated sufficient credit, allows them to take over as dealer for the other players participating.
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