Virtual Gaming Enterprises, Inc. Announces Purchase of 'Masterpiece Casino'
ESCONDIDO, Calif., Sept. 13 /PRNewswire/ -- Virtual Gaming Enterprises, Inc. (OTC Bulletin Board: VGAMD - news) today announced the purchase of an additional Internet gaming site, Masterpiece Casino (MC).
The purchase of Masterpiece Casino continues the Company's aggressive expansion program aimed at further enhancing its industry position and increasing VGAMD's market share. The Company's Internet 'Gaming Family' has grown to six (6) casino sites in just the last nine (9) weeks. The online gaming market is projected to grow from $535 million to more than $10 billion in three years and the Company is strategically positioned to benefit from the predicted revenue explosion.
Masterpiece Casino presents an ``ambiance' incorporating fine art, soft music and subdued lighting designed to appeal to new market segments, including women specifically. A recent survey by Market & Opinion Research International (MORI) found that one in eight women would gamble online because it was both safe and anonymous.
Masterpiece Casino's 'Grand Reopening' is scheduled to coincide with the other recently acquired online gaming sites within the next four (4) weeks. All casino sites will offer dynamic wagering and be 'cross-linked' to maximize the synergy created in the Company's 'Gaming Family.'
Masterpiece 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 a 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.
--------------------------------------------------------------------------------
More Quotes and News: Virtual Gaming Enterprises Inc (OTC BB:VGAMD.OB - news)
Related News Categories: gambling, internet
-------------------------------------------------------------------------------- |
