Nevada Governor Guinn Signs Internet Gambling Bill
LAS VEGAS, Jun 15, 2001 (BUSINESS WIRE) -- From the Carson City-AP -- "A bill that makes Nevada the first state in the nation to approve gambling in cyberspace has been signed into law by Governor Kenny Guinn." i2corp.com (OTC BB:ITOO) and Home Gambling Network wish to congratulate the Governor and the Legislature for its proactive approach to ensuring that Nevada continues to be at the forefront of gaming regulation.
"Acknowledging there are legal hurdles to clear, casino executives think there is a huge untapped market for Internet gambling. Experts estimate that revenues from Internet gambling, largely conducted by offshore companies because of the U.S. ban, reached $1.5 billion dollars last year and could climb far higher. Nevada's gambling giants want in on the action."
According to a recent report from Datamonitor, online gambling companies will generate revenues of $6.6bn in 2001. Growth will continue unabated to reach $13.6bn in 2005. The number of online gamblers in Europe and the U.S. will grow from 2.9 million in 2001 to 7.4 million in 2005. American consumers have rapidly adapted to this new form of gambling and the U.S. is the biggest market.
i2corp.com's Home Gambling Network (HGN) U.S. Patent 5,800,268 covers all remote wagering on live games and events with electronic financial transactions and it is management's belief that it is poised to become the de facto standard for the remote wagering industry worldwide. The patent has been applied for in Australia, Canada, and European Patent Office. The European patent was published in November of 1999.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of i2corp.com. In addition, i2corp.com disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: i2corp.com
Jesse Molnick, 702/597-3331 (Investor/Public Relations)
Fax: 702/597-3339
www.i2corp.com
Email: pr@i2corp.com |
