Thursday February 13 10:51 AM EDT
World's largest casino opens Saturday
BLUE BELL, Pa.--(BUSINESS WIRE)--Feb. 13, 1997--On Saturday, February 15, 1997 Interactive Gaming & Communications Corp. (IGC) (OTC:SBET) will change the face of the world. IGC's long awaited Global Casino will open it's doors for real money transactions to a potential user base in excess of 45 million people on a multi-billion dollar invention called the Internet. Global Casino, which cost approximately $1.8 million dollars to develop, will operate through IGC's Grenadian subsidiary, Global Casinos Ltd. at the company's world renowned GambleNet Web Site: gamblenet.com
Analysts have predicted internet wagering to become a $10 billion dollar a year industry and with the debut of the Global Casino on the Internet, IGC expects to capture a large percentage of this market.
Global Casino has undergone extensive public beta testing for the past several months and will offer full-scale interactive casino wagering over the internet. The Casino's new interface features a Mardi Gras theme and will open with a promotion featuring the world's first slot tournament being conducted over the Internet with prizes from $10,000 to $1,000,000.
Michael Simone, president of IGC calls Global Casino the Taj Mahal of the Internet and anticipates exponential growth of the company's online Internet wagering. IGC, which currently accepts sports wagers via their subsidiary Sports International Ltd., became the first company ever to accept a wager over the Internet on May 11, 1995. After only 8 weeks of live Internet wagering, the full version of the sports betting system had attained 20% of Sports International's entire handle, and has since attained over 40% of the entire amount wagered through Sports International's phone and Internet based sports book.
CONTACT: Interactive Gaming & Communications Corp.
Jeffery Erb, 215/540-8185
Fax: 215/540-8186 |
