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Most Recent Online Casino News

AngelCiti Reports a 16% Jump

AngelCiti Entertainment, Inc., an online casinos software company, announced today that it had a net handle of over $3.4 million in January, a jump of over 16% over the previous month, setting the stage for a banner year in 2005.

AngelCiti President George Gutierrez stated, "We are excited by the increase in handle as we begin our new marketing phase. The online poker industry is red-hot. For example, news this past week indicated that PartyPoker.com, the world’s largest online poker company, is considering a public offering of its company’s shares with a potential Float valuation upwards of $4 billion. That would potentially value PartyPoker higher than companies such as British Airways, ICI and EMI. This news is yet another historic moment in the evolution of the online casinos gaming industry and comes on the heels of a $270 million acquisition of Paradise Poker by publicly traded Sportingbet whose shares are up over 64% since the acquisition."

Gutierrez continued, "We feel that these watershed events can be only beneficial for additional exposure and market valuation considerations for our Company and set the stage for additional merger and acquisition opportunities which we plan on pursuing.

Read the entire article at: market WIRE 

2004 Online Casino News Archive

 

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