Virtual Gaming Enterprises, Inc. Announces Purchase of 'Work-N-Stiff' Casino
ESCONDIDO, Calif., Aug. 23 /PRNewswire/ -- Virtual Gaming Enterprises, Inc. (OTC Bulletin Board: VGAMD - news) today announced the purchase of an additional Internet gaming site, Work-n-Stiff Casino (WSC).
Mr. Virgil Williams, President and CEO of Virtual Gaming Enterprises, Inc., states, ``the purchase of WSC coupled with the acquisitions of Casino Royal Carib (CRC) (PRNewswire/ July 30, 1999) and Casino Double Diamond (CDD) (PRNewswire/ August 6, 1999) continues our aggressive expansion program aimed at further enhancing our industry position and increasing VGAMD's market share. The online gaming market 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.'
``With the addition of WSC to our casino family, Virtual Gaming's patrons can, in moments, enjoy dynamic wagering without the need for extensive software 'downloads' or supplemental CD's (supplied by mail). Java-based programs in conjunction with the latest generation of web browsers allow an unlimited number of users 'immediate seating' at the game of their choosing. The potential difficulties related to residual software are also avoided. The dynamic wagering features will also be available on our other casino sites within the next four (4) weeks which will coincide with the 'Grand Reopening' of WSC,' Mr. Williams added.
Work-n-Stiff Casino is operated on a state of the art, high-speed secure server located in the Commonwealth of Dominica.
Virtual Gaming Enterprises, Inc. is in the business of gaming on the Internet and operates a virtual casino at www.classicbet.com and is the Master Gaming Licensee for the Commonwealth of Dominica (PRNewswire July 7,1999).
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.
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