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​Arkadium Launches Games on Oxygen

Crain's New York Business, 09.11.03
Anita Jain

Manhattan-based gaming company Arkadium Inc. has launched nine online games on Oxygen.com, the Web site run by Oxygen Media.

Arkadium's move is aimed at capturing the large female gaming market, which by many estimates accounts for more than half of the total market. The games are skill games such as chess, checkers and mah-jongg, rather than the violent adventure and fantasy games often preferred by men.

No cash will exchange hands in the deal. Arkadium, which launched its product last month, aims to generate revenues from the money that online players can wager against each other. Already, it is cash-flow positive due to low overhead costs, according to Chairman Jessica Rovello.

ZelnickMedia holds a stake in the company, whose games are also on Terra.com and UGO.com.