Pegasus Gaming Corp., a development stage company, operates as a turn Key i-gaming technology licensing and software management corporation in European and African countries. It acquires the right for licensing Chimera 2.1, an online Internet gaming software, which incorporates sports book wagering platform, online Internet casino games, horse racing betting platform, mobile gaming, P2P multi-player poker platform, and Birds Eye management system, a back office management system that operate the e-commerce transactions, gaming Web sites, accounting system, and licensees' management/reporting platform. The company was formerly known as Grade Point Adverage, Inc. and changed its name in December 2004. Pegasus Gaming Corp. is based in Richmond, Canada.