Restricted cash and operating cost

12 Months Ended

Dec. 31, 2011

Restricted Cash and Operating Cost [Abstract]

Restricted cash and operating cost

Note 3 Restricted cash and operating cost

The Company has entered into a payment processing agreement with a company located in Costa Rica. The agreement included a trial period ending June 2012 whereby, the payment processor will incur all of the Company’s website costs, processing and all other costs related to running its betting websites. After this trial period, the Company will pay 7% of all net earnings.

The payment processor holds the liability of paying the Company’s customers for all payouts. As such, they have required a guarantee from the Company’s CEO and Intercapital Management Ltd. for $250,000 in the event that payouts exceed the Company’s cash balance. In addition, during each 12 week period 30% of the revenue is held by the payment processor as a holdback against potential losses.