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Non-Tech : SIMMD - Hot Casino Gaming Deal -- Ignore unavailable to you. Want to Upgrade?


To: C. PHILLIPS who wrote (31)4/15/1999 9:32:00 AM
From: Whisperer!  Respond to of 80
 
NEWS Thursday April 15, 9:00 am Eastern Time

Company Press Release

Simulator Systems to Enter Internet Gaming Industry

PORTLAND, Ore.--(BUSINESS WIRE)--April 15, 1999--Simulator Systems Inc. (OTCBB:SIMMD) announced today that the Company is positioning itself to profit from the fastgrowing Internet gaming industry under the new name Casino Pirata.com.

Casino Pirata.com will be a theme based Casino and Sportsbook that will offer Las 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 Casino & Gaming Business Market Research Handbook predicts that the Internet gaming market could reach US $100 billion to $US 200 billion in annual revenues by 2005. Currently, Internet gaming companies such as Starnet Communications (OTC BB:SNMM), YouBet.com (OTC BB:UBET) and Bingo.com (OTC BB:BIGG) are benefiting from the huge popularity of online wagering. With this in mind, Casino Pirata is expecting to be fully operation in April located at www.casinopirata.com.

Casino Pirata has established strategic alliances with WorldNet Gaming (OTC BB:RIHI), the leader since 1996 in developing casino games and SBG Global, one of the largest offshore sports betting operations in the world.

Casino Pirata's website is graphically enhanced and easy to navigate. In addition to offering games found at traditional Las Vegas casinos such as MGM Grand (NYSE:MGM - news), Mirage Resorts (NYSE:MIR - news), Circus Circus (NYSE:CIR - news), Harrah's Entertainment (NYSE:HET - news), the website will offer players secured credit card transactions as well as languages in French, Spanish, German, and Italian in order to accommodate players from all over the world.

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 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:

FMC, Longwood, Fla.
Investor/Media Relations:
Jennifer Thompson, 407/696-2221



To: C. PHILLIPS who wrote (31)4/15/1999 3:36:00 PM
From: Whisperer!  Respond to of 80
 
British Choose to Hang Fire

Thu Apr 15, 1999

An estimated 90% of British adults now gamble. This fact comes as good
news to the surging number of Internet gambling sites busy fighting for a piece of the lucrative UK market. Yet how does the British government perceive the online gaming industry? While Australia, New Zealand and Germany have opted for regulation, others, such as Britain, have chosen to hang fire. Although the UK has chosen to ''wait and see,'' current policy opposes commercial gaming in the home because of addiction worries. ''We could rule it out entirely or tax it and regulate on the basis that if you prohibit, it will just go underground,'' explains Tom Kavanagh, member of the Gaming Board that advises the British government on gambling issues.

The BBC has more details.



To: C. PHILLIPS who wrote (31)4/15/1999 3:40:00 PM
From: Whisperer!  Respond to of 80
 
First ''Regulated'' Aussie Casino Opens

Wed Apr 14, 1999

This weekend, the world's first ''regulated'' online casino from Australia opened after two years of planning and a cost of about $5 million. The Lasseters Online site was awarded a license last Thursday by the Northern Territory Racing and Gaming Authority. ''It's the first online casino attached to a physical casino in the world,'' notes Lasseter's CEO, Peter Bridge. Cash games are currently offered to residents of the Northern Territory and foreigners, but Australians living outside the NT cannot play until relevant Internet legislation and national regulations are in place. The physical Lasseters Casino of Alice Springs hopes that its online partner will also achieve $20 million in revenue its first year. The Australian Financial Review has the details.



To: C. PHILLIPS who wrote (31)4/16/1999 12:41:00 AM
From: Whisperer!  Respond to of 80
 
Florida Sues Federal Government

Wed Apr 14, 1999

Florida and Alabama officials have filed a lawsuit against the federal government in an attempt to keep Las Vegas-style casinos from Indian reservations in the Sunshine State. Indian gambling halls currently offer bingo, poker, and slots, but Florida law prohibits roulette, blackjack, and other casino-type games. In three elections since 1978, voters have rejected casino initiatives. However, rules were approved Monday that allow Interior Secretary Bruce Babbitt to act as final judge in gambling-related disputes between tribes and the state, which could mean that the Seminole and Miccousukee may finally be granted casino rights. ''In effect, one federal bureaucrat can defy the wishes of elected state officials, and more important, the millions they represent,'' explains Attorney General Bob Butterworth. See the Deseret News for details.