Virtual Gaming Enterprises, Inc. Announces Purchase of Casino Royal Carib
PR Newswire - July 30, 1999 09:32
ESCONDIDO, Calif., July 30 /PRNewswire/ -- Virtual Gaming Enterprises, Inc. (OTC Bulletin Board: VGAMD) today announced the purchase of an additional Internet gaming site, Casino Royal Carib (CRC).
Mr. Virgil Williams, President and CEO of Virtual Gaming Enterprises, Inc., states, "the purchase of CRC should both dramatically increase our Casino activity and further enhance our industry position. Online gaming is projected to grow from $535 million to more than $10 billion in three years and our company is strategically positioned to benefit from the predicted revenue explosion."
"The CRC casino site and online software are currently being upgraded to Virtual Gaming's specifications with a 'Grand Opening' planned during August," Mr. Williams added.
Virtual Gaming Enterprises, Inc. is in the business of gaming on the Internet and operates a virtual casino at www.classicbet.com.
Except for historical matters contained herein, the affairs discussed in this press release may contain forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements may reflect assumptions and involve risks and uncertainties that may affect Virtual Gaming Enterprises, Inc. future business and prospects and could cause actual results to differ materially from these forward-looking statements.
SOURCE Virtual Gaming Enterprises, Inc.
/CONTACT: Lee Perry or Richard Ambrose, both of Communications Group,
888-285-6808, for Virtual Gaming Enterprises, Inc./
/Web site: classicbet.com
(VGAMD) |
