Great American Financial Corp., formerly known as Interactive Gaming and Communications Corp., is a holding company that conducts business in the gaming industry through Intersphere Communications, Ltd. (PA), a software development, marketing and Internet communications company specializing in the Internet market. The gaming industry is comprised of five separate service industries: traditional pari-mutuel wagering on horse and dog racing; casino and riverboat gambling; lotteries; charitable organization gambling (Bingo and Las Vegas Nights), and sports book. The Company operates in all of the segments via the Internet/intranet, telecommunications and broadband video streaming utilizing proprietary software developed by its subsidiaries and joint venture affiliates. The Company derives its revenues from licensing fees and royalties on its products, advertising revenue from its portal Websites and Internet related business-to-business development and design services.
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