Online sports gaming specialist, iGaming Corporation has announced that its subsidiary, IGC Entertainment Corporation, has finalized a purchase agreement to buyout the rotoplay.com online sports fantasy website from RotoPlay Inc. With an effective closing date of December 11, the transaction only needs approval by TSX Venture Exchange. iGaming Corporation now has little over 56,349,500 outstanding shares, as well as significant predetermined purchase revenue targets, which upon attaining, will be due to RotoPlay as part of a $300,000 package deal.

iGaming's strategic plan is to market its own portfolio of online gaming and sports services to RotoPlay customers, as well as introduce their current clientele to the RotoPlay and the fast growing, legally embraced industry of online fantasy sports betting. Getting specific carve-outs in the recently passed Unlawful Internet Gambling and Enforcement Act (UIGEA) in the U.S. online fantasy sports betting most certainly possesses a promising future in the world of real stakes virtual betting.

Citing figures tabulated by the Fantasy Sports Industry Association, fantasy sports league betting has nearly 18 million active players contributing over $1.5 billion per year in North America alone. Online fantasy sports leagues are growing at an annual rate of 10%, which many analysts think will be picking up pace following the passing of the aforementioned U.S. legislation.

Perhaps it is carve-outs such as this that are keeping the online casino gambling industry alive in the U.S. Most gaming operators who have opted to stay in the U.S. market have reported a rise in business, simply because the demand is still there, but with lesser supply. However, this could all change very fast when the UIGEA goes into enforcement no later than eight months from now. Whatever the fate may be for U.S. facing online casinos, there is no doubt that online fantasy sports leagues only has room to grow. As such, gamers should expect to see more of iGaming Corporation in the very near future.