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.
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2004 Online Casino News Archive