To: Gator who wrote (723 ) 10/22/1998 1:34:00 PM From: M_Power Read Replies (1) | Respond to of 8858
Another horse track... Starnet to Provide Internet Horseracing Simulcast for Capitol Racing At Cal Expo WILMINGTON, Del.--(BUSINESS WIRE)--October 22, 1998--Starnet Communications International Inc. (OTC BB:SNMM) announces that it has entered into a Simulcast Agreement with Capitol Racing L.L.C. to provide live, Internet harness racing coverage from Cal Expo. Located at the California State Fairgrounds in Sacramento, the Cal Expo Racetrack has hosted standardbred racing events since 1973. Capital Racing, the lessee/operator of the track, claims that its on-location and national simulcast handle exceeds $700,000 nightly. ''We're pleased to join forces with Starnet, to make our coverage available worldwide,'' said Christopher Schick, Capitol's Director of Simulcasting. Coverage from Cal Expo will be simulcast on Starnet's Internet gaming site, WORLD GAMING (http://www.worldgaming.net). The World Gaming horseracing system features real-time track, program and handicapping information, and live audio/video racing coverage. World Gaming now provides ''Netcasting'' from nine facilities, and intends to ally with additional organizations in order to offer a 24-hour racing schedule. World Gaming also intends to offer viewers the ability to place secure, online pari-mutuel wagers. Other companies involved in the off-track simulcasting and wagering industry include You Bet International Inc. (OTC BB:UBET - news; NASD OTC-BB: UBET), Autotote Corporation (AMEX:TTE - news) and ODS Technologies L.P., a subsidiary of United Video Satellite Group Inc. (Nasdaq:UVSGA - news). World Gaming Services Inc., a wholly owned Starnet subsidiary, is licensed in Antigua to accept wagers via the Internet. World Gaming also offers online casino games, sports wagering and international lottery tickets. The World Gaming system is translated into eight languages and marketed worldwide; real-money wagers are currently not accepted from U.S. or Canadian users. $10.2 billion US will be wagered online in the year 2002 (DataMonitor, 06/98). International Gaming & Wagering Business magazine has described Starnet as ''the Home Shopping Network of gambling.'' Starnet is an Internet software, technology and service company, which commercializes on-line applications for established markets. For more information, please visit snmm.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Starnet's fillings with the Securities & Exchange Commission.