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WifiCasino Attracts Interest

Diamond I, Inc. (OTCBB: DMOI), a developer of wireless gaming products, issued a statement today regarding its perception of the country’s gaming industry, particularly with respect to the gaming industry outside of Las Vegas. In its statement, Diamond I indicated that it had experienced a high degree of interest in its WifiCasino GS(TM) wireless gaming products from casino operators across the U.S., particularly from smaller casino operators in search of ways to maximize their patrons’ gaming experience.

These casino operators include Native American Indian tribes in several states, where, according to the National Indian Gaming Commission, Indian gaming revenue exceeded $16.7 billion at 330 casinos in 2003, up from $9.8 billion at 310 casinos in 1999. Shares of Adaptec Inc. (Nasdaq: ADPT) fell 3.8% to $3.88 in morning trading Wednesday after the provider of storage solutions warned on its first quarter earnings. The Milpitas, Ca. company said it now expects revenue for the quarter ending June 30 in the range of $103 million to $106 million, around 7% to 10% below its prior estimate.

Read the entire article at: Financial News USA 

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