(PR Wires) PRW: Virtual Gaming Enterprises, Inc. Announces The Grand Op
PRW: Virtual Gaming Enterprises, Inc. Announces The Grand Opening of Vegas
Book.com
ESCONDIDO, Calif., Jan. 24 /PRNewswire/ -- Virtual Gaming Enterprises, Inc.
(OTC Bulletin Board: VGAM) today announced the grand opening of Vegas Book,
a Full Service off-shore gaming operation featuring a Live Sports Book that
handles both toll-free phone wagers along with Internet Casinos.
Vegas Book is now fully operational and can be accessed 24 hours a day
either on the Internet at www.vegasbook.com or toll free through our
private, dedicated, encrypted satellite network directly to knowledgeable,
highly trained gaming personnel. Sports enthusiasts may wager on events
globally including American Football, European Football, Basketball,
Baseball, Hockey, Boxing and Soccer with the latest in odds, spreads,
parleys and specialty bets available or visit any of the Internet Casinos on
the site.
"The operational aspects of Vegas Book are under the auspices of arguably
one of the world's foremost sports gaming authorities, Joe Gallagher. Mr.
Gallagher established one of the first off shore books, and subsequently
became a successful and valued consultant and adviser to the off shore and
Internet gaming industry," Mr. Virgil Williams, President and CEO of Virtual
Gaming Enterprises, Inc., stated.
"What is truly revolutionary is our ability to offer qualified players a
unique pay out procedure utilizing their own secured card. Specifically,
players establish an account and receive an International Business
Corporation (IBC) registered with The Commonwealth of Dominica. The
player's personal IBC automatically establishes a bank account and is issued
a secured card from Dominica's largest private bank. All gaming or other
activity then originates from the personal IBC, which has identity and
privacy protection under the Secrecy Laws of the Commonwealth of Dominica.
Further, all the player's monies reside in the IBC's bank account, not the
casino, adding an increased level of security and safety while allowing for
immediate withdrawal transfer of funds," Mr. Williams added.
The player's IBC secured card is welcomed at all Virtual Gaming's Casinos
both on or linked to Vegas Book. These IBC secured cards may, of course,
also be used for a variety of non-gaming purposes. Interested parties can
obtain complete details and apply on the Vegas Book web site or by calling
1-888-765-9061.
Privacy, security and safety have long been major concerns within the gaming
industry and we expect our unique approach will have great appeal to both
traditional and Internet gamblers. The online gaming market is projected to
grow from $535 million to more than $10 billion in three years (source: Data
Monitor) and our company is strategically positioned to benefit from the
predicted revenue explosion.
"An aggressive multimedia-advertising program is currently being
implemented," Mr. Williams, concluded.
Virtual Gaming Enterprises, Inc. is in the business of gaming on the
Internet, a Gaming Licensee under agreement with the Commonwealth of
Dominica (PRNewswire July 7, 1999) and owns a 20% interest in
www.vegasbook.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.'s future business and prospects and could cause actual results to
differ materially from these forward-looking statements.
/CONTACT: Communications Group, 888-285-6808, for Virtual Gaming
Enterprises, Inc./
09:20 EST
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