Casino Industry Discussion

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mary

Dormant account
Joined
Dec 12, 2000
Looks like a merger or reverse merger that will take the company formerly known as GET public.
............................................
From Norstar's most recent filings with SEC:
RESULTS OF OPERATIONS:

Six and Three months ended June 30, 2003 as compared to Six and Three months
ended June 30, 2002.

We did not have any revenues during either period ending June 30, 2003 or 2002.
Management estimates that we will not begin to generate revenues from sales of
memberships to subscribers for the near future.

During the six and three months ended June 30, 2003, our operating expenses
increased by approximately $129,000 and $120,000, respectively, to approximately
$163,000 and $128,000 from approximately $33,000 and $8,000 for the six and
three months ended June 30,2002. The primary cause of the increase were non-cash
charges of approximately $58,000 and $33,000 relating to amortization of
unearned compensation which resulted from the issuance of shares of common stock
to consultants for services rendered relating to the agreement described below:


3
>,page<,

On July 25, 2002, we entered into agreements with certain consultants. Under
these agreements, the consultants will be required to, among things, assist the
Company in finding businesses located primarily in Europe that would advertise
in and/or link to the Company's online community in addition to performing web
site development services. These agreements will expire on July 25, 2003. As
consideration for their services, the consultants received a total of 5,050,000
shares of common stock with an aggregate fair market value of $101,000. We
recorded the aggregate fair market value as unearned compensation, which will
amortize to expense over the period from July 25, 2002 to July 25, 2003.

Additionally, we issued 9,000,000 shares of our common stock to certain members
of The Board and The Company's General Counsel for services rendered and
recording a non-cash charge of $90,000, the approximate fair value of the shares
issued.

In addition to the aforementioned non-cash items, our operating expenses also
were impacted by a reduction in corporate overhead and research and development
costs of approximately $19,000 and $3,000 for the six and three months ended
June 30, 2003, respectively, due to our cash position.

During the six months ended June 30, 2003, we agreed to settle certain of our
accounts payable with a carrying value of $25,741 for $5,000 and, as a result,
recorded a gain of $20,741.

As a result of the aforementioned, we incurred a net loss of approximately
$142,000 and $108,000 for the six and three months ended June 30, 2003,
respectively, as compared to $33,000 and $8,000 for comparable prior periods.

LIQUIDITY AND CAPITAL RESOURCES:

Our condensed consolidated financial statements have been prepared assuming that
we will continue as a going concern. However, we have not generated any
significant revenues on a sustained basis from our current operations. As shown
in the condensed consolidated financial statements, we have incurred net losses
of approximately $142,000 and $33,000 for the six months ended June 30,2003 and
2002, respectively, although a substantial portion of the loss in 2003 was
attributable to noncash charges for the fair value of shares and stock options
previously issued for services, compensation and other expenses. As of June 30,
2003, we had no cash, a working capital deficiency of approximately $29,000 and
an accumulated deficit of $6,887,000. Management believes that we will continue
to incur net losses through at least June 30, 2004 and that the Company will
need additional equity and/or debt financing of at least $2,000,000 to enable it
to fully develop its web services as initially planned and sustain its
operations until it can achieve profitability and generate cash flows from its
operating activities on a recurring basis. These matters raise substantial doubt
about our ability to continue as a going concern.

Management is attempting to obtain additional financing for us through the
issuance of equity securities, loans from financial institutions and/or
agreements with strategic partners. However, management is also evaluating an
alternative where by it would suspend the development of our Internet
technology, at least temporarily, and search for another company that has had
ongoing commercial operations that would merge with us and continue its business
operations.

However, management cannot assure that we will be able to sell equity
securities, obtain loans from financial institutions and/or form strategic
alliances that will generate financing for the further development of our
Internet technology or enter into a merger agreement with an operating company
on acceptable terms. If we are not able to obtain adequate financing or
consummate a merger,, it may have to curtail or terminate some or all of its
operations.


4
>,page<,

During the six months ended June 30, 2003, we financed our operations with
$9,000 of advances from our principal stockholders, which increased the balance
to $237,444 such amount was then contributed to capital.

Item 3. Control and Procedures

As of the end of the period covered by this report, management, including our
principal executive officer and principal financial officer, evaluated the
effectiveness of the design and operation of our disclosure controls and
procedures. Based upon, and as of the date of that evaluation, our principal
executive officer and principal financial officer concluded that our disclosure
controls and procedures effectively provided reasonable assurance that
information required to be disclosed in the reports that we file or submit under
the Securities Exchange Act of 1934 are recorded, processed and summarized and
reported within the time specified by the Securities and Exchange Commission's
rules and forms. There was no change in our internal controls over financial
reporting during the quarter ended June 30, 2003 that has materially affected,
or that is reasonably likely to materially affect, our internal control over
financial reporting.
 

mary

Dormant account
Joined
Dec 12, 2000
VirtGame's PrimeLine Sports Book(TM) Selected As Back-End Gaming Software by Atlantis, Paradise Island
Wednesday September 24, 8:02 am ET


SAN DIEGO, Sept. 24 /PRNewswire-FirstCall/ -- VirtGame Corp., (OTC Bulletin Board: VGTI - News), a leading provider of server-based networked gaming software solutions to the regulated gaming and lottery industries, announced today that it has reached an agreement with Atlantis, Paradise Island, a Kerzner International (NYSE: KZL - News) property, to provide its PrimeLine Sports Book(TM) solution for the casino's Pegasus Race and Sports Book. VirtGame has reached this agreement with Atlantis, Paradise Island via its distribution partner, Las Vegas Dissemination Company (LVDC).
ADVERTISEMENT


Atlantis, a 2,317-room resort located on Paradise Island in The Bahamas is Kerzner International's flagship property. Spanning a 7-acre lagoon, the Atlantis Casino is innovatively designed with skylights and panoramic windows offering magnificent views of the waterscape and ocean. With 50,000 square feet of gaming, entertainment, dancing, and dining the casino is the largest in the Caribbean offering non-stop action. There are over 1,000 slot machines available for play 24 hours a day, and 78 table games feature craps, blackjack, Let It Ride, Caribbean stud poker, baccarat, and more. Atlantis has recently introduced Pegasus Race and Sports Book which offers wagering on all major sporting events and U.S. racetracks. The facility provides live simulcasts and broadcasts of the racing and sporting action on its state-of-the-art plasma screens located in the comfortable, "living room" style viewing area. Patrons have the options of betting the race at one of the five teller-assisted betting windows or at their own personal IPT (Individual Player Terminal). VirtGame's PrimeLine Sports Book(TM) serves as the backend of the Pegasus Race and Sports Book.

"We are very pleased that a world-class resort of Atlantis, Paradise Island's stature recognizes the functionality and flexibility of our PrimeLine Sports Book(TM) solution. As a Windows-based, open architecture system, PrimeLine is fully scalable and can efficiently meet the needs of Atlantis's growing gaming operations. We are pleased to have the first international licensee for our Sports Book in partnership with LVDC who is providing pari-mutuel horse race wagering for Atlantis's casino. Through an interface with a common industry standard terminal, Atlantis provides pari-mutuel race and sports wagering to its customers," stated VirtGame Chief Executive Officer, Mr. Bruce Merati.

About Atlantis, Paradise Island

Atlantis, Paradise Island is a unique vacation destination, which celebrates the wonders of the sea and is inspired by the myth of the lost continent of Atlantis. The resort features 2,300 guest rooms; 35 restaurants, bars and lounges; an entertainment center with an innovatively designed casino; an impressive collection of luxury boutiques and shops: and extensive meeting and convention facilities including the largest ballroom in the Caribbean.

The resort offers the largest marine habitat in the world -- second only to Mother Nature. There are 50,000 live sea animals in exhibit lagoons and displays including The Dig, a maze of underwater corridors and passageways providing a journey through ancient Atlantis. Guests also enjoy eleven swimming areas with eleven million gallons of fresh and saltwater swimming pools; amazing water slides hidden in life-sized Mayan ruins, as well as other gentler water rides; cascading waterfalls; and a seemingly endless stretch of beach that has been called the most beautiful in the world.

Aside from the Sports Center, guests also have easy access to championship golf at the nearby Ocean Club Golf Course. The 63-slip Marina at Atlantis accommodates luxury yachts up to 200 feet in length. For young guests, the Discovery Channel Camp at Atlantis -- developed in partnership with The Discovery Channel -- is a revolutionary concept in educational and entertaining children's vacations.

For further information about Atlantis, Paradise Island; telephone 954-809-2000, or visit on-line at
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. For reservations, call your travel agent or 800-ATLANTIS.

A downloadable collection of royalty-free signature photography for Atlantis, Paradise Island is available on our website,
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. Once on the website, please click on "Contact Us," then click on "Image Library."

About VirtGame Corp.

VirtGame Corp. is a leading provider of server-based networked gaming software solutions to the Gaming and Lottery industries. The Company has built the VirtGame SP(TM), a comprehensive, scalable and customizable gaming platform. VirtGame's server-based products, when used in combination, and individually, create greater efficiencies, reduce costs, and increase revenues for regulated casinos and lottery operations. For more information, please visit
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or contact Bruce Merati at (858) 373-5001 or bmerati@virtgame.com, or Laurel Moody at Sky Investor Relations at 212-440-5000 or laurel@skyir.com for more information.

Safe Harbor Statement

The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things: (1) expected revenue and earnings growth; (2) estimates regarding the size and our penetration of target markets; (3) adequacy of available working capital. These statements are qualified by important factors that could cause our actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) our receipt of adequate working capital as required, (2) our auditors' qualification of their report on our financial statements as to doubts about our going concern, (3) the early stage of development of the market for software for the regulated gaming industry, (4) lack of market acceptance to date for the Company's products and services, (5) our receipt of nominal revenues to date, (6) our continuing losses from operations to date, and (7) federal and state regulation of our business. These forward-looking statements are made as of the date of this release, and the company assumes no obligation to update such forward-looking statements. Refer to the company's Form 10-KSB for the year ended December 31, 2002 filed with the Securities and Exchange Commission for more information, as well as, other filings including the company's Form 10-QSB quarterly reports.




--------------------------------------------------------------------------------
Source: VirtGame Corp.
 

mary

Dormant account
Joined
Dec 12, 2000
Friday, September 26, 2003
Copyright Las Vegas Review-Journal

Senator targets online wagers

Arizona's Kyl says restrictions inevitable despite casino lobby

By TONY BATT
STEPHENS WASHINGTON BUREAU

WASHINGTON -- Despite opposition of the mainstream casino industry, a Senate bill to restrict Internet gambling is likely to pass Congress this year, said the senator who introduced the legislation.

Sen. Jon Kyl, R-Ariz., said Thursday he is willing to talk to gambling lobbyists but pointedly noted that the industry's support is not essential to his bill's passage.

"One way or another, we're going to get a bill," Kyl said. "I hope (the casinos) can see their way clear to help us out."

Unlike mainstream casinos, the Indian gambling industry generally supports Kyl's bill, which passed the Senate Banking Committee by a 19-0 vote on July 31. The Kyl bill would allow tribal reservations to maintain technological links for bingo and other forms of gambling.

But the bill also would prevent states from legalizing online wagering within their borders. This restriction would violate states' rights, said Frank Fahrenkopf, president of the American Gaming Association.

"This can easily be fixed by including language which would say gambling must be legal in states where the (Internet) gambling transmission is coming from," Fahrenkopf said.

So far, no state has legalized Internet gambling. But online wagering has mushroomed from $445 million in bets six years ago to projected wagers of $4.2 billion this year on more than 1,800 offshore Web sites.

Fahrenkopf said states, not the federal government, should decide if they want to legalize Internet gambling.

States retain that option in an Internet gambling bill that the House passed 319-104 on June 10. Both the House bill and the Senate bill would prevent the use of credit cards, checks and electronic fund transfers for online wagering.

Fahrenkopf said the casino industry could support an earlier version of the Kyl bill, which mirrored the legislation passed by the House. But after the Department of Justice complained that the House bill would expand Internet gambling, the Senate Banking Committee changed Kyl's bill to prohibit states from legalizing online wagering.

Fahrenkopf said the Justice Department misread the House bill and overreacted.

After meeting with Kyl on June 23, Fahrenkopf sent a letter to the senator on Sept. 9 laying out the industry's objections to the Senate bill. The primary objection is the absence of a provision in the House bill that would preserve a state's option to legalize Internet gambling.

Fahrenkopf said he hopes to follow up with a meeting next week with Kyl's staff.

"I'm not optimistic, but I'm not pessimistic," Fahrenkopf said. "If you go back and look at the original bill, we would not oppose that legislation."

But Kyl acknowledged that if he gives the casinos what they want, he could lose the support of tribal gaming interests.

"It's a problem, and frankly, I thought that we were working with the casinos and then it appears that maybe they were not willing to work with us, " Kyl said.

"So you know, it may be necessary to choose (between tribal gambling interests and mainstream casinos)."
 

mary

Dormant account
Joined
Dec 12, 2000
[color=0000ff]This is from Boss' June 30th interim statement. Income from Boss' own casino had dropped 50% and they intend to sell it. They will concentrate on selling software to the legal kiosk market, lotteries, and the UK land operations.[/color]

"Outlook for 2003 Over the past year, there has been a great deal of consolidation on the Internet gaming market. At Boss Media, the number of licensees/Internet casinos has gradually been reduced in favor of the larger and more established customers. A dozen or so smaller and less profitable Internet casinos have been driven out of business so far this year and more will fold before the year ends. The natural process of closure and consolidation means that Boss Media can devote more energy and more resources to present and future key customers. The company's focus on the new IVT product will continue undiminished, with more resources gradually being allocated to the development of the product. The market for this product is currently in a period of major change and it is predicted that the type of system represented by Boss Media will soon be the new standard. The company has entered into a joint venture with EssNet AB to enhance the credibility and the strength of the project. At the beginning of the year, Boss Media launched two pilot IVT projects in conjunction with two established European gaming operators. The pilot projects are currently proceeding to plan and are expected to continue for the whole year. Boss Media has previously announced its intention to split its own gaming operations from the company's core business and sell it to a third party. The company's own gaming operations primarily comprises Gold Club Casino and the gaming portal
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. Boss Media is currently in negotiations with a number of potential buyers and the company expects a deal to be concluded during the year. "

"Net sales The Groups net sales amounted to SEK 66.2 (62.2) million, an increase by 6 percent compared with the same period last year. Adjusted for exchange rate fluctuations, the increase in net sales amounted to 15 percent. Income from the sale of licenses amounted to SEK 12.0 (13.0) million. Remaining value on sold gaming systems etc. that has not been delivered on 30 June 2003 amounted to around SEK 5 million. Royalty income increased by 55 percent to SEK 39.7 (25.6) million and the service income decreased by 24 percent to SEK 9.1 (11.9) million. Other income, chiefly composed of income from own gaming operations, has decreased by approximately 50 percent compared with the same period last year. This sharp decrease can mainly be attributed to reduced targeting in combination with relatively small marketing initiatives and a weaker US dollar. Net sales for the second quarter 2003 increased by 6 percent. Royalty income increased by 16 percent and accounted for the entire increase in net sales during the second quarter. The distribution and change in the Groups net sales is shown below. Apr-Jun Apr-JunJan-Jun Jan-Jun SEK million 2003 20022003 2002 Income % %% % License sales 5.9 17 5.52012.01813.0 21 Royalty 21.3 62 11.44239.76025.6 41 Service & support 4.5 13 5.5209.11411.9 19 Other 2.5 8 5.0185.4811.7 19 Total 34.2 100 27.410066.210062.2 100 2003 2002 20012000SEK million Q2 Q1 Q4Q3Q2Q1Q4Q3 Q2 Q1Q4Income License sales 5.9 6.1 8.14.15.57.50.84.4 6.9 11.212.8Royalty 21.3 18.4 12.511.411.414.211.813.8 18.1 18.719.1Service & support 4.5 4.6 4.14.45.56.411.011.0 9.7 8.77.7Other 2.5 2.9 3.53.85.06.78.69.4 14.5 14.517.1Total 34.2 32.0 28.223.727.434.832.238.6 49.2 53.156.7 SEK million 0207 - 0306 0204- 03030201- 02120110- 02090107- 02060104 - 0203 0101- 01120010- 0109Income License sales 24.2 23.825.217.918.219.6 23.335.3Royalty 63.6 53.749.548.851.257.9 62.469.7Service & support 17.6 18.620.427.333.938.1 40.437.1Other 12.7 15.219.024.129.739.2 47.055.5Total 118.1 111.3114.1118.1133.0154.8 173.1197.6"

"Market The second quarter has been characterized by the continued growth achieved through the acquisition of several established gaming companies as customers/licensees. Most of the new customers acquired over the past year have been established betting organizations from the UK. The conversion rate between these companies' sportsbook and the Internet casino supplied by Boss Media is very high, which has been reflected in the increase in the company's royalties in recent quarters. Sales of gaming systems, still led by the Internet casino, are mostly to established European gaming organizations, ranging from land-based casino operators to Internet-based betting companies. The latest in the series is a sale to Slovenia's biggest hotel and casino organization, HIT Enterprise. The new poker product has gradually begun to generate income, albeit still on a relatively small scale. The critical mass of players required for the poker product is greater, which means that sales of the system will not be the dominant objective in the short term. Instead, Boss Media and all its competitors on the market are focusing on selling partner solutions, whereby the partners send players to one single "poker community" from each of their individual branded sites. The business model is the same as for the casino product, where Boss Media keeps a variable share of the net proceeds from the game in the form of royalties. In terms of the new lottery products, the company will primarily focus on system sales in the future. Boss has already sold a lottery system to Svenska Spel, the Swedish national lottery, which is currently in production and is expected to be launched during the third quarter. Demand is currently relatively low but Boss expects it to gradually increase, partly as more and more so-called WLA operators (World Lottery Association) start to operate digitally distributed gaming entertainment. The lottery products have not yet generated any operating revenue. The company believes the market for its new IVT product (Interactive Video Terminals) is set to grow rapidly. IVT are physical gaming machines, which make use of the program code already developed by the company, which is then further developed and adapted for the new product. The gaming machine sector has advanced from stand-alone slot machines to IVT, which makes full use of the client/server technology and the Internet and all the advantages this implies. In the past, the Boss Media has not had the hardware and the associated knowledge which the IVT product requires, but this area will now also be covered, thanks to the partnership with the Stockholm-based EssNet AB, one of the world's leading suppliers of online lottery systems. The IVT product will be marketed mainly to private and state-owned land-based gaming operators i.e. the very companies already targeted by Boss Media for its Internet gaming products. Legal aspects The legal and political risks are still difficult to assess, both in the long term and the short term. Develop-ments in gambling legislation are currently heading in two different directions. In Europe, the trend is strongly towards legalization and regulation. In the UK, a bill has been drafted which will allow interactive games to be operated from within the country, and this is one of the reasons why the majority of the major British betting and gaming companies already operate gaming activities on the Internet. In Germany and Holland, licenses are still being issued to domestic operators who operate gaming activities on the Internet. In Asia, developments are moving in both directions. In Hong Kong, where all betting at sporting events via the Internet was previously banned, the rules have been relaxed to allow limited betting on football matches. In Sweden, a number of changes in the lottery legislation came into effect on August 1, 2002, one of which allows organizers of lotteries to also offer their lotteries and games via the Internet, mobiles telephones and similar means. However, no licenses for such activity have yet been issued (as of August 15, 2003). In the US, which accounts for the majority of all gaming on the Internet, there is still a great deal of uncertainty. The so-called Wire Act from 1961 still applies, which prohibits betting on sporting events via telephone. At federal level, this law is interpreted as also applying to betting on games via the Internet. However, this position has been questioned by a court in the so-called Duval Case, where a federal judge held that casino gaming on the Internet is not covered by the Wire Act. The bills, which have been put to the American Congress for debate in recent years, have also returned during 2002/2003. Mail address:
Boss Media AB (publ) Telephone: +46 (0)470 70 30 00
Box 3243 Fax: +46 (0)470 70 30 50
SE-350 53 Vxj, Sweden
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In the EU, the principles set out in the Schindler case, among others, continue to apply. In brief, these state that member states may exclude gaming services from the internal market to protect their citizens from negative social effects. Whether the reason for such regulation really is social, and whether it is necessary and proportionate, has been questioned on many occasions. Furthermore, Ladbrokes, the betting organization, has challenged the gambling monopoly on the Swedish market and has said that it will take the matter to the European Court of Justice. It is possible that in future we will see a change in the principles that apply in the EU. "
 

spearmaster

RIP Ted
Joined
Jan 12, 2001
Location
Heaven
Interesting that they are choosing to focus on IVT (interactive video terminal if I am not mistaken - kiosks, standalones, etc.). There are already plenty of entrants in that market, so they are moving from a less competitive industry to one which is more competitive... go figure...
 

goldenballs

Dormant account
Joined
Apr 19, 2002
Can you imagine working for a company that has a little more
<,<,than 500 employees and has the following statistics:
<,<,
<,<,* 29 have been accused of spousal abuse
<,<,* 7 have been arrested for fraud
<,<,* 19 have been accused of writing bad checks
<,<,* 117 have directly or indirectly bankrupted at least 2 businesses
<,<,* 3 have done time for assault
<,<,* 71 cannot get a credit card due to bad credit
<,<,* 14 have been arrested on drug-related charges
<,<,* 8 have been arrested for shoplifting
<,<,* 21 are currently defendants in lawsuits
<,<,* 84 have been arrested for drunk driving in the last year
<,<,
<,<,Can you guess which organization this is?
<,<,
<,<,
<,<,
<,<,Give up yet?
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,
<,<,It's the 535 members of the United States Congress. The same
<,<,group of idiots that crank out hundreds of new laws each year
<,<,designed to keep the rest of us in line.
 

mary

Dormant account
Joined
Dec 12, 2000
Angelciti undoes stock split, mints more shares, and is overall very confusing..


ANGELCITI ENTERTAINMENT
9000 Sheridan Street, Suite 7
Pembroke Pines, Florida 33024


INFORMATION STATEMENT

WE ARE NOT ASKING YOU FOR A PROXY,
AND YOU ARE REQUESTED NOT TO SEND US A PROXY.

INTRODUCTION

This Information Statement is furnished to the stockholders of Angelciti
Entertainment, Inc., a Nevada corporation, in connection with action taken
by our board of directors and the holder of a majority in interest of our
voting capital stock to (i) effect a 4-for-1 split of our common stock;
(ii) adopt a Certificate of Amendment to our Articles of Incorporation
(the "Amendment") to increase our authorized common stock from 150,000,000
to 200,000,000 shares and to reduce the par value of the common stock from
$0.001 per share to $0.00025 per share; (iii) grant the holders of our
Series A preferred stock additional voting rights; and (iv) grant the
holders of our Series B preferred stock the right to convert their shares
into additional shares of common stock. The foregoing action has been
approved by the written consent of the holder of a majority in interest of
our voting capital stock, consisting of our outstanding common stock, par
value $0.001 per share, and our Series A preferred stock, acting jointly
with our board of directors, by written consent on August 20, 2003.

The Amendment was filed with the Secretary of State of the
State of Nevada but, under federal securities laws, will not be effective
until at least 20 days after the mailing of this Information Statement. We
anticipate that the effective date for the Amendment will be on or about
October 14, 2003.

RECORD DATE, VOTE REQUIRED AND RELATED INFORMATION

If the proposed Amendment was not adopted by written consent,
it would have been required to be considered by our stockholders at a special
stockholders' meeting convened for the specific purpose of approving the
Amendment. The elimination of the need for a special meeting of stockholders
to approve the Amendment is made possible by Section 78.320 of the Nevada
General Corporation Law (the "Nevada Law"), which provides that the written
consent of the holders of outstanding shares of voting capital stock, having
not less than the minimum number of votes which would be necessary to
authorize or take such action at a meeting at which all shares entitled to
vote thereon were present and voted, may be substituted for such a special
meeting. Pursuant to Section 78.390 of the Nevada Law, a majority in
interest of our capital stock entitled to vote thereon is required in order
to amend the Articles of Incorporation. In order to eliminate the costs and
management time involved in holding a special meeting and in order to effect
the Amendment as early as possible, our board of directors determined that
it was in the best interests of all of our shareholders that the Amendment
be adopted by written consent. The board of directors recommended the
Amendment for the purposes set forth below.

The date of the written consent approving the matters set
forth herein was August 20, 2003. However, the record date for purposes of
determining the number of outstanding shares of our voting capital stock and
stockholders entitled to vote, is the close of business on September 18, 2003
(the "Record Date"). As of the Record Date, we had outstanding 41,988,734
shares of common stock and 37,618 shares of preferred stock. Shares of our
common stock are entitled to one vote per share, and shares of our Series A
preferred stock are entitled to 5,000 votes for each share held. Holders of
the shares have no preemptive rights. All outstanding shares are fully paid
and nonassessable. All Series B preferred shares outstanding are currently
held in escrow pending the repayment of a loan.

The transfer agent for our common and preferred stock is
Holladay Stock Transfer, Inc., 2939 N. 67th Place, Scottsdale, AZ 85251.


STOCK SPLIT AND CORRESPONDING AMENDMENT TO ARTICLES OF INCORPORATION

On August 20, 2003, the board of directors and the holder of
a majority in interest of our voting capital stock jointly approved an
Amendment to our Articles of Incorporation to increase the authorized shares
from 150,000,000 to 200,000,000, and to change the par value of the common
stock from $0.001 per share to $0.00025 per share.

The Amendment will be effectuated by amending the fourth
article of our Articles of Incorporation to read as follows:

200 million shares of common stock $.00025 par value
50,000 shares of preferred stock Series A, $.001 par value
100,000 shares of preferred stock Series B, $.001 par value.

The Preferred Stock Series A shall vote along with the
holders of the Common Stock on all matters and shall have
the right to cast 20,000 votes for each share of Preferred
Stock Series A held. The Preferred Stock Series B shall be
convertible into Common Stock at a ratio of 24,000 shares
of Common Stock for each share of Preferred Stock Series B
and shall only be issuable as collateral for a loan made to
the Corporation.

The Amendment has been filed with the Nevada Secretary of
State, subject to the filing of a Certificate of Correction with respect to
certain matters contained therein, and is anticipated to be effective 21 days
after this Information Statement is first distributed to our stockholders.

Our board of directors believes that the Amendment and the
4-for-1 stock split are advisable and in the best interests of Angelciti and
its stockholders in order to undo the effect of the 1-for-4 reverse split of
the common stock which occurred in connection with our reorganization in
January 2003. At that time, it was determined that the reverse split was
necessary in connection with the reorganization. However, upon consideration
of the shares surrendered by Omega Ventures, our largest single shareholder,
as well as other factors, the board of directors and Omega Ventures (acting
as the holder of a majority in interest of the voting capital stock) have
determined that the reverse split was unnecessary. The board of directors
and Omega Ventures have decided that it is in the best interests of all of
our stockholders that we counteract the reverse split by effecting a 4-for-1
forward split. The board of directors hopes that doing so will better enable
us to raise capital in the future by increasing our authorized common stock
without diluting the shares of our current stockholders. The Amendment was
necessary to increase our authorized common stock to accommodate the increase
in our issued and outstanding common stock created by the split and to reduce
our par value in accordance with the split.

PREFERRED STOCK REVISIONS

The board of directors and Omega Ventures also acted to grant
to the holders of Series B convertible preferred stock the right to convert
each preferred share into 24,000 shares of common stock and to increase the
voting power of the holders of the Series A preferred stock to 20,000 votes
per share. Omega Ventures and its principals hold all of the outstanding
Series A preferred shares and therefore will benefit from the increase in the
voting power of that series. The Series B convertible preferred stock was
created to serve as collateral for a loan that is still pending.

The board of directors and Omega Ventures believe that these
revisions to the rights and preferences of the holders of our preferred stock
will preserve the Company's prospective ability to obtain a further loan or
series of loans using the Series B preferred stock as collateral, and provide
Omega Ventures with the ongoing expectation of voting shares that it bargained
for when it entered into two separate deals with Angelciti exchanging common
shares of Angelciti for the Series A preferred stock.


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information regarding
the beneficial ownership of our common stock as of August 20, 2003 by (i) each
of our directors, (ii) each of our executive officers, (iii) each person who
is known by us to own beneficially more than 5% of our common or preferred
stock and (iv) all directors and officers as a group.

>,table<,
Name and Address of
Beneficial Owner Title of Class Amount of Shares Percent of Class (4)
>,caption<,
>,s<, >,c<, >,c<, >,c<,
Omega Ventures, Inc. Common Stock 2,830,000 shares 6.7%
9000 Sheridan Street Preferred Stock 14,000 shares (1)>,f1<, 100%
Pembroke Pines, FL
33204
------------------------------------------------------------------------------------------------
George Gutierrez (2)>,f2<, Common Stock 2,830,000 shares (2)>,f2<, 6.7%
9000 Sheridan Street Preferred Stock 14,000 shares (2)>,f2<, 100%
Pembroke Pines, FL
33204
------------------------------------------------------------------------------------------------
Dean Ward (3)>,f3<, Common Stock 2,830,000 shares (3)>,f3<, 6.7%
9000 Sheridan Street Preferred Stock 14,000 shares (3)>,f3<, 100%
Pembroke Pines, FL
33204
------------------------------------------------------------------------------------------------
Lawrence Hartman (4)>,f4<, Common Stock 2,830,000 shares (4)>,f4<, 6.7%
9000 Sheridan Street Preferred Stock 14,000 shares (4)>,f4<, 100%
Pembroke Pines, FL
33204
------------------------------------------------------------------------------------------------
All Executive Officers Common Stock 2,830,000 shares 6.7%
and Directors as a Preferred Stock 14,000 shares 100%
Group (1 person)
>,fn<,
>,f1<,
(1) Each share of preferred stock outstanding was entitled to 5,000 votes as of the record date.
>,f2<,
(2) Mr. Gutierrez is a control person of Kailuamana, SA. Kailuamana owns 2.5 million shares, or
approximately 10.17 percent of the issued and outstanding common shares of Omega Ventures, Inc.,
and is a control person thereof. This figure does not include 500,000 of our pre-split common
shares that a company controlled by Mr. Guttierez is entitled to in the event we fail to repay
a loan made by that company to us.
>,f3<,
(3) Mr. Ward is a principal of Capital Holdings Group Worldwide, Ltd. and Wye & Walsay, Ltd.,
which own 63,333 and 2,500,000 shares of Omega Ventures, Inc., respectively, or approximately
8.4% of Omega's issued and outstanding common shares.
>,f4<,
(4) Mr. Hartman is CEO of Omega Ventures, Inc. and owns 9,040,000 or approximately 36.7% of its
issued and outstanding common shares. As such, he is a control person of Omega Ventures, Inc.
>,/fn<,
>,/table<,



As of September 4, 2003, we had 150,000,000 authorized shares
of common stock of which 41,857,421 were issued and outstanding.

We also have a class of $.001 par value Series B convertible
preferred shares and are authorized to issue 100,000 shares thereof. Each of
said preferred shares is convertible into 1,000 shares of our common stock.
Our Articles of Incorporation were amended to establish this class on February
19, 2003. 23,618 of the Series B convertible preferred shares have been
issued as of the date of this Information Statement, but all of these shares
are held in escrow as collateral for an outstanding loan.

CHANGE IN CONTROL

We do not believe that the actions taken by our board of
directors and the holder of a majority in interest of our voting capital
stock will result in any change in control of AngelCiti, nor are there
currently in place any arrangements which are likely to bring about such a
change in control.

EFFECT OF THE AMENDMENT

After the Amendment becomes effective, we will have authorized
two hundred million (200,000,000) shares of common stock, par value $0.00025.
This change does not effect the relative rights or privileges of the holders
of the currently outstanding common stock. The Amendment also grants super
voting privileges and conversion rights to the holders of our Series A and B
preferred stock, respectively. However, the current holder of the majority of
our voting capital stock (and, thus, the controlling stockholder of our
company) will continue to control Angelciti after the Amendment takes effect.

There can be no assurances, nor can our board of directors
predict, what effect, if any, the change in par value of our common stock will
have on the market price of the common stock.

REASON FOR THE AMENDMENT

In unanimously recommending the Amendment, the board of directors was
principally influenced by its desire to get the number of issued and
outstanding common shares back to the same levels they were prior to the share
exchange between Omega Ventures, Inc. and the Company, pursuant to which 109
million common shares were returned to treasury by Omega Ventures in exchange
for preferred stock.

NO DISSENTER'S RIGHTS

Under Nevada law, stockholders are not entitled to dissenter's
rights of appraisal with respect to the proposed amendments to our Articles of
Incorporation.


BY ORDER OF THE BOARD OF DIRECTORS

/s/ George Guttierez
George Guttierez, Chief Executive
Officer and Chairman of the Board
 

mary

Dormant account
Joined
Dec 12, 2000
[color=0000ff]This could affect the new games of skill sector, if Masque decides to protect its method patent.[/color]

United States Patent 6,625,578
Spaur , et al. September 23, 2003

--------------------------------------------------------------------------------
On-line game playing with advertising


Abstract
The playing of games with advertising over a network, such as the Internet, is provided. The system for on-line game playing and advertising includes one or more client machines, game servers with advertisement servers, together with at least one database server. One advertisement is displayed using the client machine immediately after a validated detection of the completion of the game is made by the game server. This advertisement is displayed using the client machine for at least a predetermined time interval during which the player is not provided with control for removing the advertisement. Another advertisement is displayed using the client machine at the time the game is being played using game elements, such as card backs and banners. Advertising data is stored related to each displayed advertisement including the identity of the advertisement, when the advertisement was displayed, and the reaction to the advertisement by each player playing the on-line game utilizing a client machine.


--------------------------------------------------------------------------------
Inventors: Spaur; Charles W. (Aurora, CO); Lappin; Edward (Boulder, CO); Wisler; James M. (Englewood, CO)
Assignee: Masque Publishing, Inc. (Englewood, CO)
Appl. No.: 797117
Filed: February 28, 2001

Current U.S. Class: 705/14; 705/1; 705/10; 463/40; 463/41; 463/42
Intern'l Class: G06F 017/60
Field of Search: 705/1,10,14 463/42,40,41



--------------------------------------------------------------------------------

References Cited [Referenced By]

--------------------------------------------------------------------------------

U.S. Patent Documents
5073931 Dec., 1991 Audebert et al. 380/23.
5083271 Jan., 1992 Thacher et al. 364/411.
5343239 Aug., 1994 Lappington et al. 348/12.
5643088 Jul., 1997 Vaughn et al. 463/40.
5819092 Oct., 1998 Ferguson et al. 395/701.
5823879 Oct., 1998 Goldberg et al. 463/42.
5848397 Dec., 1998 Marsh et al. 705/14.
5917725 Jun., 1999 Thacher 364/410.
5947746 Sep., 1999 Tsai 434/307.
5964660 Oct., 1999 James et al. 463/1.
5974398 Oct., 1999 Hanson et al. 705/14.
6012984 Jan., 2000 Roseman 463/42.
6196920 Mar., 2001 Spaur et al. 463/42.
Foreign Patent Documents
WO 97/40514 Oct., 1997 WO .



Other References
Dialog reference. "Online game revenue on rise", Computer Retail Week, p. 4, Apr. 7, 1997.

Primary Examiner: Stamber; Eric W.
Assistant Examiner: Alvarez; Raquel
Attorney, Agent or Firm: Sheridan Ross P.C.

--------------------------------------------------------------------------------

Parent Case Text

--------------------------------------------------------------------------------


This application is a continuation of Ser. No. 09/052,886 filed Mar. 31, 1998, now U.S. Pat. No. 6,196,920.
--------------------------------------------------------------------------------

[color=0000ff]the rest can be found at
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[/color]
 

spearmaster

RIP Ted
Joined
Jan 12, 2001
Location
Heaven
Wilson is indeed here in Singapore. I will be talking more with him tomorrow - the press release mentioning $1.2 billion in revenue is quite ambiguous - and appears to relate to online revenue, not specific to casinos.

(Message edited by Spearmaster on October 01, 2003)
 

jetset

RIP Brian
CAG
Joined
Feb 22, 2001
Location
Earth
Georgie is a dab hand at writing BS press releases and devising corporate moves intended to deceive the eye - he reminds me of those con artists on street corners that try to screw passer-by with the old three cup routine!

He certainly has had a lot of practice pumping hype out this year.

I have to admit I can't work out what he's building up to with these repeated changes, but I'm pretty sure it ain't good for anyone but George...and maybe Larry.

These guys are truly conmen.
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
PLAYTECH LAUNCHES LAND BASED KIOSK SYSTEM IN TANZANIA


TANZANIA, October 02 - Built on the proven success of its licensed online casino systems, Playtech announced today the launch of Baraka Casino - the first of a new generation of land-based kiosk networks aimed at the growing remote game terminal and electronic slot machine market. An identical online version of the casino was also launched -
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Baraka Casino offers players a choice of over 60 games, accessed through a richly themed casino 'lobby', and available at game terminals situated in locations throughout the Republic of Tanzania, on the east coast of Africa.


The joint proprietors of the Baraka Gaming Group, which operates Baraka Casino, Alain Rybaka and Julian Barges, described their search for a third party vendor who could deliver a highly entertaining, yet centralized, easy to manage gaming operation - one ideally suited for the multi-location environment they had in mind.


"Finding companies to provide software for the game terminals wasn't difficult," said Rybaka, "but identifying one system that could unite all the terminals and the agents who run them, and allow us, the owners, to manage the entire operation from a single interface, wasn't so easy."


"Impressed by our online system," explained Playtech marketing director Dana A. Ziv, "Baraka approached us for their land-based solution. The result was a product that sets new standards in terms of sophistication, customization and transparency."


Playtech's kiosk system offers a wide range of payment methods, including pre paid cards and scratch cards, in addition to a specially tailored client and range of game terminal styles and interface peripherals. Many variables can be adjusted at different levels of the network - from individual terminal settings such as game speed and sound effects to agent- and network-level variables such as session length and bet and deposit limits - all configurable by the network operator through a single management console.


The launch of Casino Baraka compliments Playtech's growing portfolio of tier 1 operators from around the world, the list of which can be found at
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More on Baraka Gaming Group
Baraka Casino is an independent offshore operation, part of the Baraka Gaming Group fully licensed and registered in Antigua. The management team has a proven track record in land based operations and is committed to running Baraka casino according to those high standards - with the utmost professionalism and with customer satisfaction as its ultimate goal. Land based features found in Baraka Casino and unavailable elsewhere include "European Roulette" with a maximum bet of up to $5,000 and other sophisticated betting options.
Website:
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More on Playtech
Playtech specializes in developing unified gaming platforms for the online gambling industry, primarily targeting existing online operators who want to upgrade their system, and land-based operators making their online debut. Playtech gaming applications - online casino, live videostream casino, bingo, poker and very soon, games of skill - are fully intercompatible and can be freely incorporated as stand-alone activities. Founded in 1999 by a team of ecommerce entrepreneurs and multimedia specialists, and guided by seasoned land based operators, Playtech today has over 120 employees distributed globally, approximately two-thirds of whom are engaged in research and development of current and future gaming technologies.
Website:
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Contact:
Dana Ziv
Marketing Director, Playtech
Tel: +972-3-613-9990 ext 131
dana@playtech.com
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
NORTH AMERICA'S FIRST ONLINE SPORTSBOOK TO OFFER FANS CASINO THRILLS
Date: Thu, 02 Oct 2003 15:00:00 +0100


North America's first online sportsbook to offer fans casino thrills


Dublin, October 02 - Sports fans in search of a richly themed gaming experience need look no further than Sports Interaction Casino - the result of a collaboration between leading sportsbook Sports Interaction and Playtech, developers of high-end gaming platforms. Sports Interaction Casino will operate under the auspices of the Kahnawake Gaming Commission.


Available in both download and Flash versions, Sports Interaction Casino boasts over 60 games, a sophisticated 3D Lobby, a host of innovative user retention features such as real time game and transaction histories, VIP rating, a cash-convertible Comp Points scheme and participation in Playtech's progressive jackpot network, WinAJackpot.com.


Sports Interaction, established since 1997 and located in Kahnawake Mohawk Territory, Canada, was the first online sportsbook to be fully licensed and regulated in North America. By offering an entertaining yet easy to grasp online betting service, backed up by 24-hour customer support, Sports Interaction succeeded in wooing many traditional sports fans put off by the complexity of early online betting sites.


By offering the same level of functional simplicity, excellent customer service and quick payouts in the Sports Interaction casino, which has made the sportsbook such a hit, they aim to meet the high expectations of their existing members while targeting a broad sports-entertainment audience across the world.


"The challenge for us," remarked Playtech marketing director Dana A. Ziv, "was to encourage Sport Interaction's existing customers to try a new gaming experience - but spare them the headache of having to open new player accounts and register credit cards."


The result was the close integration of the two parties' systems and the co-development of a mechanism to allow players move funds freely between the two systems as well as full account synchronization between sportsbook and casino.


The benefits of such a thorough integration to both operator and player are clear. By providing fans with a one-time account registration capability, the user experience has effectively been unified across the two systems and ensures the highest possible ratio of casino signups from amongst existing players.


The launch of Sports Interaction Casino compliments Playtech's growing portfolio of tier 1 operators from around the world, the list of which can be found at
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More on Sports Interaction
Sports Interaction, established since 1997 and located in Kahnawake Mohawk Territory, Canada, is the first online sportsbook to be fully licensed and regulated in North America. Subject to Las Vegas type regulation overseen by the Kahnawake Gaming Commission, Sports Interaction offers sports fans an unparalleled sports betting service which is simple to use, convenient and safe with such features as 24-hour online access and customer service and the world's easiest to use Internet betting system.
Website:
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More on Playtech
Playtech specializes in developing unified gaming platforms for the online gambling industry, primarily targeting existing online operators who want to upgrade their system, and land-based operators making their online debut. Playtech gaming applications - online casino, live videostream casino, bingo, poker and very soon, games of skill - are fully intercompatible and can be freely incorporated as stand-alone activities. Founded in 1999 by a team of ecommerce entrepreneurs and multimedia specialists, and guided by seasoned land based operators, Playtech today has over 120 employees distributed globally, approximately two-thirds of whom are engaged in research and development of current and future gaming technologies.
Website:
You do not have permission to view link Log in or register now.



Contact:
Dana Ziv
Marketing Director, Playtech
Tel: +972-3-613-9990 ext 131
dana@playtech.com
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
BETWWTS.COM LAUNCHES BETCASINO.COM ON PLAYTECH PLATFORM


Canberra, Australia, October 02 - A leading offshore gaming company for over 10 years, BetWWTS.com today opened the virtual doors at BetCasino.com, a richly themed online casino launched on Playtech's high-end gaming platform. Available in both downloadable and Flash versions, BetCasino boasts over 60 real casino games, a sophisticated 3-D lobby and a host of innovative features including, real-time game and transaction histories, VIP rating, a cash-convertible Comp program and participation in Playtech's progressive jackpot network, WinAJackpot.com.


BetCasino.com is the latest brand in the BetWWTS.com portfolio of managed properties that includes WagerOnSports.com, BetP2P.com and BetAffiliate.com. BetWWTS.com is part of the publicly-listed BetCorp group of companies - currently the third largest wagering company by turnover on the Australian Stock Exchange.


Customers using BetCasino.com will benefit from the convenience of using a single account to access all BetWWTS.com managed properties. Players with an account at BetCasino.com will not be required to register for an additional account to place wagers at the BetWWTS.com sports book and vice versa.


"As a market leader in the online gaming industry, our goal is to offer our customers a comprehensive gaming destination encompassing both sports and casino wagering options," said Simon Noble, CEO of BetWWTS.com. "Working with Playtech resulted in the perfect casino complement to our existing sports book - one that demonstrates our company's values and reputation without sacrificing any of the performance and service our customers expect from BetWWTS.com."


"The challenge with Bet Casino," explained Playtech marketing director Dana A. Ziv, "was to encourage BetWWTS.com's members to try out a new gaming experience while sparing them the hassles associated with new account registration and funding."


The launch of Bet Casino compliments Playtech's growing portfolio of tier 1 operators from around the world, the list of which can be found at
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About BetWWTS.com


BetWWTS.com (World Wide Tele-Sports) is the foremost offshore gaming company offering both Internet and telephone wagering to its worldwide customers. Fully licensed and regulated in St. John's, Antigua since 1995, BetWWTS.com offers a complete range of online casino games and more than 150 betting options daily through its portfolio of companies and managed services - BetWWTS.com, WagerOnSports.com, BetP2P.com, BetCasino.com and BetAffiliate. With over 10 years of experience, BetWWTS.com has become one of the most respected companies in the gaming industry by providing unparalleled 24/7 customer support and timely payouts. BetWWTS.com is part of the BetCorp group of companies that is publicly-traded on the Australian Stock Exchange (ASX) under the symbol BCL. BetWWTS.com provides a secure environment for sports and casino wagering and has been featured in numerous media outlets, including USA Today, The Economist, ESPN, Associated Press, New York Daily News, New York Post and HBO's Real Sports With Bryant Gumble among others.


More on Playtech


Playtech specializes in developing unified gaming platforms for the online gambling industry, primarily targeting existing online operators who want to upgrade their system, and land-based operators making their online debut. Playtech gaming applications - online casino, live videostream casino, bingo, poker and very soon, games of skill - are fully intercompatible and can be freely incorporated as stand-alone activities. Founded in 1999 by a team of ecommerce entrepreneurs and multimedia specialists, and guided by seasoned land based operators, Playtech today has over 120 employees distributed globally, approximately two-thirds of whom are engaged in research and development of current and future gaming technologies.


Contact:
Dana Ziv
Marketing Director, Playtech
Tel: +972-3-613-9990 ext 131
dana@playtech.com
 

spearmaster

RIP Ted
Joined
Jan 12, 2001
Location
Heaven
I didn't get a further chance to speak with Wilson... too bad as I was looking forward to finding out a bit more.

I do believe he is one of the good guys - but it would have been nice to learn more about what he does with Angelciti.
 

mary

Dormant account
Joined
Dec 12, 2000
dot com Entertainment Group, Inc. Announces Plans for SEC De-Registration
Friday October 3, 11:54 am ET
All amounts in United States Dollars


TORONTO--(BUSINESS WIRE)--Oct. 3, 2003-- dot com Entertainment Group, Inc. ("DCEG" or the "Company"), a leading supplier of software and services to the e-gaming industry, announced today that it intends to de-register its common stock pursuant to a Securities and Exchange Commission (the "SEC") rule that allows companies with a limited number of shareholders to de-register, thereby avoiding costly SEC filing requirements. As a result of the de-registration the Company's shares will no longer be quoted on the OTC Bulletin Board. The Company's shares will continue to be quoted on the Pink Sheet Electronic Quotation Service under the present DCEG symbol. Market activity may be accessed at the PinkSheets.com website.
ADVERTISEMENT


"This step is being taken to control costs and to permit the Company to concentrate its efforts and resources on serving its customer base and increasing sales, thereby enhancing profitability and growth," said Scott White, President and Chief Operating Officer. "Management believes this is the best way to build value for the long term".

The cost savings resulting from de-registration, including the reduction of legal, audit, registration, governance and related public-company fees, is part of the Company's overall corporate cost reduction plan to reduce its break-even point, conserve cash and adjust expenses. The Company believes that any benefits of continued SEC compliance are outweighed by the significant costs associated therewith.

The Company plans to file a Form 15. The Form 15 filing immediately suspends the Company's obligation to file periodic reports with the SEC, including Forms 10-KSB and 10-QSB. The de-registration is expected to be effective ninety (90) days after the filing of the Form 15. DCEG has also postponed its application for a listing on the TSX Venture Exchange in Canada. Shareholders may access information about the Company on the Company's website at
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.

At a Board of Directors meeting held on October 1, 2003, the resignations of the following Board members were accepted: Mr. Robert Olsen (Chairman), Mr. David Outhwaite (Chief Executive Officer), Mr. Michael Lipton (Director), Mr. Norman Inkster (Director) and Mr. John Reilly (Director). The Company would very much like to thank all of these directors for their contributions.

The Board now consists of Mr. Perry Malone (Founder and Chief Technology Officer), Mr. Ted Colivas (Founder and Director of Strategic Business Planning), Mr. Scott White (Founder and President) and Mr. Tony De Werth (Chairman and Director). Mr. David Callander (Chief Financial Officer and Corporate Secretary) and Mr. Andrew Branscombe (Director of Sales) remain incumbent in their positions.

About DCEG

DCEG is a leading software development company specializing in the creation and support of Internet gaming products and related services, which neither operates nor participates in its customers' on-line gaming sites. As one of the first companies to develop and license, multi-player, pay-for-play bingo technology on the Internet, DCEG is a leader in the on-line bingo market, and also offers a comprehensive suite of Java and Flash-based casino and lottery products.

There are presently approximately 10.9 million shares outstanding.

Certain statements in this news release, including, but not limited to, statements containing the words "anticipates", "believes", "expects", 'intends", "will", "may" and similar words constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Company's current expectations and involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from any future results or performance expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include the uncertainty relating to the lawfulness of Internet gaming, dceg's ability to profitably expand its products and services to new markets and customers, continued industry acceptance of, and the risk of technological obsolescence related to, dceg's game systems and the risk associated with the generation by individual customers of a significant percentage of dceg's revenue, including the risk of non-payment of outstanding receivables, among others.



--------------------------------------------------------------------------------
Contact:
dot com Entertainment Group, Inc.
Scott White, 905-337-8524
or
dot com Entertainment Group, Inc.
David Callander, 888-250-3312
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--------------------------------------------------------------------------------
Source: dot com Entertainment Group, Inc.
 

rainman

Dormant account
Joined
Oct 26, 2001
what a moron even admits to taking bribes from tribal casinos. You gotta be one dumb you know what to admit that. He contradicts himself saying that. He said to congress if it was up to him all gambling would be eliminated and save the children crap.Now it's I dont want to lose indian gaming interests and let's allow them cause they are paying me off .
 

gamblingabber

Dormant account
Joined
Sep 17, 2003
Brian (or anyone in the know,) Can you shed some light on this? I recieved the following email just moments ago and was wondering EXACTLY what this meant. Is this a come on to get affilaites and webmasters to purchase hosting services OR is this legit? Feedback greatly appreciated here, thanks.

Legislation: Gaming Income has a solution!

The online gaming industry is going through several major legal changes that are affecting our daily operations. The United States Attorneys' Offices sent a notice last week to all operators, affiliates & advertising agencies concerning the Internet gambling and offshore gaming operations that promote or accept bets from customers in the United States. Here's the essential on this notice:

"United States Attorneys' Offices in several districts have successfully prosecuted offshore sportsbookmaking and Internet gambling operations, and the Department of Justice will continue to pursue such cases. Notwithstanding their frequent claims of legitimacy, Internet gambling and offshore sportsbook operations that accept bets from customers in the United States violate Sections 1084, 1952, and 1955 of Title 18 of the United States Code, each of which is a Class E felony. Additionally, pursuant to Title 18. United States Code. Section 2, any person Or entity who aids or abets in the commission of any of the above-listed offenses is punishable as a principal violator of those statutes. The Department of Justice is responsible for enforcing these statutes. and we reserve the right to prosecute violators of the law. Broadcasters and other media outlets should know of the illegality of offshore sportsbook and Internet gambling operations since, presumably, they would not run advertisements for illegal narcotics sales, prostitution, child pornography or other prohibited activities. We'd appreciate it if you would forward this public service message to all of your member organizations which may be running such advertisements, so that they may consult with their counsel or take whatever actions they deem appropriate".


At Gaming Income, we analyzed this delicate situation and came up with a solution that will satisfy all affiliates. We discussed the development of a low cost program that will allow the American affiliates to move their websites hosting and ownership to a safer location with our legal department . The Gaming Income management and their law firm agreed to open registered companies for all affiliates that would like to have their ownership and hosting North of the border. Cost: $1,000 USD.

To find out more about this solution, please contact our affiliate managers at 514-748-1950. You can also reach us at info@gamingincome.com.

This is a legal and secure way for all affiliates to operate online gaming portals successfully. Gaming Income innovations are in the best interest of everyone.


(Message edited by GamblinGabber on October 10, 2003)
 
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