Can anyone update me on the relationship that American Wagering has with Casino Journal.......Thanks....
American Wagering Receives Australian Internet Betting License
LAS VEGAS, Nov. 17 /PRNewswire/ -- American Wagering, Inc. (Nasdaq: BETM - news) today announced that the Company's Australian Mega$ports subsidiary was issued a 15 year Sports Betting license on November 12, 1998 from the Bookmakers Licensing Committee in Australia. The Company has already set up its Australian office and this week will begin preparing for the testing procedure on the Internet Sports Betting Software.
Upon the Government completing the testing procedures on the software and hardware of Mega$ports, the company expects to begin immediate start up of operations. The testing of the Company's equipment is expected to begin next week.
Commenting on the latest development in Australia, American Wagering CEO Victor Salerno said, ''It appears that next month, we will begin our long awaited entry into the International Sports Betting market. The Company is very pleased that there have been other international areas such as Europe and Canada who have decided to explore following Australia's lead in interactive wagering. By being the first Nevada licensed Company to enter the Internet gaming area, we feel that we have a head start on what we feel will be a very lucrative market in the future. We are already the licensed bookmaker with the largest number of sports book locations in Nevada. Now we want to bring that expertise to the International market via the Internet.''
American Wagering, Inc. owns and operates Leroy's Horse and Sports Place, the licensed bookmaker with the largest number of sports book locations in the state of Nevada; CBS, the dominant supplier of sports and race book equipment and software in Nevada and creator and operator of Mega$ports joint venture with International Game Technology. The Company also owns and operates a 150 room hotel/casino complex in Las Vegas.
The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the Company, the occurrence of which involves certain risks and uncertainties, including that the Company takes financial risks on the outcome of sporting events as a principal betting against its patrons; an increase or decrease in handle is not necessarily indicative of an increase or decrease in revenues or profits, there can be no assurance that interactive Mega$ports will be operated profitably and other uncertainties detailed in the Company's filing with the SEC.
SOURCE: American Wagering, Inc.
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