Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: Yoav Chudnoff who wrote (6770)	7/7/1998 10:13:00 PM
From: DavidCG	Respond to of 8798

REUTERS NEWS (after trading)...GLOW has Govt. sponsorship Tuesday July 7, 4:58 pm Eastern Time Global Games to build Internet casino for Dominica MINNEAPOLIS, July 7 (Reuters) - Dominica may be the next gambling hot spot after the small eastern Caribbean island signed a preliminary deal with Global Games Corp. (GLOW - news) to design and build a virtual casino. The Virtual World Casino will include Internet casino games, as well as a full betting Sports Book, Global Games said Tuesday. The company hopes to have at least the Sports Book open by August when the U.S. National Football League's season begins. While gamblers can already place bets over the Internet on other commercial sites, Minneapolis-based Global Games said this will be the first government-sponsored virtual casino. The deal is expected to be finalized within a week. Global's stock climbed $0.08 a share on the news to $0.30 a share, with 800,000 shares changing hands. The Internet services company hopes to hit the jackpot with the deal, which calls for Global to receive licensing fees which it estimates could exceed $10 million, Gary Borglund, president and chief executive, said in a telephone interview. The site will offer bingo and sports betting at first, but Global hopes to add blackjack soon, Borglund said. Users will buy virtual chips with a credit card. Winnings up to the amount purchased on the card will be credited. For anything over that amount, Dominica will mail a check, he said. Global Games provides secure Internet transaction processing and licenses software for Internet gaming. ------------------------------------------------------------------------ More Quotes and News:GLOBAL GAMES CORP (USA) (OTC BB:GLOW - news)