Here is another idea to look at:
IGN Announces Winstreak's "Casinos of the World" Open for Online Gaming
Vancouver, BC, April 20, 1998 - IGN Internet Global Network
Inc. (VSE - IGN) is pleased to announce that WinStreak, its Internet
gaming division, has officially opened its on-line casino. Casinos of
the World now offers players the opportunity to wager on-line and try
their luck at popular casino games such as slots, video poker, blackjack
and keno. Casino visitors have a daily chance to win a $1,000,000 grand
prize in addition to participating in actual progressive jackpots.
Players can now open cash accounts and securely place wagers by using
their credit cards.
IGN Internet Global Network Inc.
- IGN is audited by a major accounting firm (KPMG).
- IGN is the only gaming company offering fully functional progressive
jackpots over the Internet (a significant marketing advantage).
- IGN's management has over 50 years of experience in the casino
industry.
- IGN is a member of the Interactive Gaming Council.
Corporate Overview
IGN Internet Global Network Inc. is a hi-tech company active in the
explosive information and entertainment based Internet industry. IGN is
a public company trading on the Vancouver Stock Exchange (trading symbol
IGN), a reporting issuer to the U.S. Securities and Exchange Commission
and is listed on the Berlin Stock Exchange (trading symbol IGN GR).
Based in Vancouver, Canada, the Company has established operating
subsidiaries in St. Kitts, West Indies, to take advantage of the
official gaming licenses and the preferred tax status offered by the
jurisdiction.
With well over 40 million users connected worldwide, the Internet is the
largest data communications network on the planet. By the year 2000,
the number of Internet users is expected to exceed 100 million.
Commercial business transactions on the Internet are growing at
exponential rates. Internet based commercial transactions are expected
to increase in dollar volume, from $2.6 billion in 1996 to $220 billion
by 2001. IGN has designed the platform, the "Internet Global Network",
enabling it to take full advantage of the commercial opportunities
available through the Internet for business and entertainment
activities.
IGN has created five separate "channels", or divisions, to reflect the
commercial segments of the World Wide Web. The most exciting is a
virtual on-line Internet gaming casino through its subsidiary,
WinStreak. Individuals from around the world, making the Company truly
global in nature, are using WinStreak's gaming sites and software.
WinStreak offers complete on line gaming and wagering experiences in a
safe, secure and private environment through the following Internet
sites:
WinStreak (www.winstreak.com) continues to build a loyal customer base
through innovative and effective marketing initiatives. WinStreak's
winning edge is maintained through its ability to attract individuals to
the site by offering prizes which include large progressive jackpots and
promoting on-line gaming and sports contests through alliances with
large corporations like Cobra Golf.
Casinos of the World (www.casinsoftheworld.com), an on-line casino that
highlights the look and feel of real casinos in the gaming capitals of
the world. WinStreak, licensed by the government of St. Kitts to
legally conduct gaming and wagering activities over the Internet, offers
the complete virtual gaming experience including: Slots, Video Poker,
Blackjack, Keno, Roulette, Craps, and large progressive jackpots.
- SHARC (www.sharc.com), an on-line facility designed specifically to
offer professional, reliable and secure sports contests with modern
state-of-the-art electronic access. SHARC offers sports contests and
pools for major sporting events, including the Golf Challenge
co-sponsored by Cobra Golf and MasterCard.
- WinSport (www.winsport.com), an Internet-based sportsbook (betting)
operation that employs state-of-the-art software to support a custom
designed sports wagering system.
- Powerlotto (www.powerlotto.com), an Internet based on-line lottery
service that will employ state-of-the-art software to support
international lotteries.
Other Services:
INTERFI (www.interfi.com) operates on-line financial transaction
processing systems for companies who conduct commercial transactions
over the Internet.
IGN's VantageAd (www.vantagead.com) will be the preferred advertising
vehicle for advertising on-line over the Internet.
IGN's ShopTrek (www.shoptrek.com) is being developed as an on-line
shopping mall that will offer the latest high quality products and
services to its customers "when and where the customers want".
IGN Broadcast (www.ignbroadcast.com) is an emerging interactive
broadcasting system that will combine the capability of high-speed
networking with the ability to provide pre-recorded as well as live
programming on demand.
Potential revenues in US$ for an on-line casino
1998 1999 2000
Casino $3.7 billion $6.3 billion $8.6 billion
Sportsbook $443 million $648 million $759 million
***Source: C.A. Cummings & Associates
Taking a hypothetical example for illustration purposes only:
- If 1000 players are on-line at a time averaging 4 bets per minute that
equals 5.7 million bets per day
- With an average of $1 per bet an on-line casino could expect revenues
to exceed $2 billion per year
- With a profit margin of 5%, the profits from an on-line casino could
exceed $105 million per year.
Having a solid balance sheet and strong administration provides IGN
Internet Global Network Inc. with the elements to be a significant
player in the World Wide Web. IGN's powerful platform is designed to
take full advantage of these significant ventures, especially
positioning the Company at the crossroads of the gaming industry and the
information superhighway. Winstreak's gaming services are available on
the World Wide Web at www.winstreak.com.
For Additional information, please contact Investor Communications
Company at (800) 419-5211 or visit iccinfo.com. |
