Tropika International Limited (www.tropika.com) has entered into an agreement with Edeal (www.edeal.com) to develop a casino chip auction for Tropika's Fairplay Casino. The site, CasinoChipAuction.com, will launch in mid-to-late March.

CasinoChipAuction.com will allow online gamblers to bid on bundles of chips from Fairplay Casino. The value of the chip bundles will range from $10 to $150 and will be redeemable by playing at FairplayCasino.com.

Tropika expects the discounts available on chips to draw players to the casino, while reducing the cost attached to attracting players to an online casino.

"The chip auction is very exciting program for us because of its broad reach and its access to identified gamers," said John Ashbee, Tropika's Chairman and CEO. "Edeal holds one of the largest opt-in gaming databases in the world and is behind the success of some of the world’s leading gaming sites. Our chip auction will be targeted at millions of enthusiasts of promotions, sweepstakes, and gaming."

Tropika International is publicly traded on the Canadian Venture Exchange.