PORTLAND, Ore., May 7 /PRNewswire/ -- Casinopirata.com Inc. (OTC
Bulletin Board: CSIN) ("the Company") is pleased to announce that it has paid
out an 11,000 jackpot winner in their first week of operations.
Casinopirata.com, a theme-based Casino and Sportsbook, is now offering
Vegas-style casino games such as blackjack, roulette, pai-gow and craps along
with wagering on professional sporting events such as the NFL, NBA, NHL,
and Major League Baseball. The Company's web site is located at
casinopirata.com.
"After just one week of operation we have seen a tremendous increase in
visitors which is translating into active casino players. With NFL season
approaching, our sportsbook could not have gone live at a more appropriate
time. We expect to meet or exceed our 1999 earnings projections," stated Paul
Stringer, President of Casinopirata.com.
More and more, "traditional" gaming businesses are putting their weight behind
online gaming. Old-fashioned gambling has become tremendously popular -- so
popular, in fact, that Bad Bet author Timothy L. O'Brien observes: "Judging by
dollars spent, gambling is now more popular in America than baseball, the
movies and Disneyland combined." What's the next market The Internet of
course. Now big, established companies are moving in. Playboy Ent B is only
one big firm to take an interest in online gaming. Rumor has it that Microsoft is
teaming up with Australian gaming tycoon Kerry Packer for a joint venture.
Tony Cabot, an attorney specializing in gaming issues, says flatly, "When you
see Kerry Packer get together with Microsoft, you have to believe there is a
future for this type of wagering."
One of the ways the Company plans to differentiate itself from other casinos is
by offering the site in multiple languages. "We intend to aggressively pursue
foreign markets such as China, Japan and Latin America," stated Paul Stringer,
President.
Safe Harbor for Forward-Looking Statements:
Except for historical information contained herein, the statements in this press
release are forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in the future
periods to differ materially from forecasted results. These risks and uncertainties
include, among other things, product price volatility, product demand, market
competition, risk inherent in the Company's domestic and international
operations, imprecision in estimating product reserves and the Company's
ability to replace and expand its holdings.
Contact:
WorldVision Financial, 407-834-8944, toll-free,
888-345-6060, or e-mail
relations@wvfg.com
, or
wvfg@juno.com |
