|
Online Casino News - Online-Casino.GB.Net
Online Casino Software Firm Closer to Acquiring Carib Gaming
AngelCiti Entertainment, an online casino software company, announced today that the Company has reached agreement with its lender to retire the outstanding $300,000 loan under its Revolving Credit Agreement, plus all interest and any other amounts accrued there under.
In addition, AngelCiti will retire 25.6 million of the shares that had been held as collateral in conjunction with that loan. The result of this transaction will leave AngelCiti with approximately 6.5 million common shares issued and outstanding. The effective date of this transaction is May 20, 2005.
AngelCiti Entertainment is focused on acquiring interests in companies that provide software to the online gaming industry. Its wholly owned subsidiary, Worldwide Management, provides gaming software to online casinos including SharkCasino.com, and currently services casinos in English, Spanish, German, and Chinese.
'This immediately eliminates all but deminimus debt from our balance sheet and further eliminates the uncertainty of having a large block of shares outstanding collateralizing the loan,” stated AngelCiti President George Gutierrez, “This is the first step in our progress toward completing the acquisition of Carib Gaming and we anticipate providing investors with additional information on that transaction in the near future.'
Advertising budget is doubled Online Casino.
AngelCiti Entertainment has announced that it is more than doubling its marketing budget and kicking off a
new national marketing campaign that will run over the next six months.
AngelCiti's newly hired Director of Operations, Oliver Treumann, has begun targeting numerous advantageous
marketing opportunities. The recent $300,000 capital infusion provides the Company with a unique opportunity
to immediately capitalize on those opportunities.
AngelCiti President George Gutierrez stated, 'The online gaming market is perpetually evolving. We are
extremely pleased to have Mr. Treumann's stewardship to guide the company's operational growth through what
we anticipate will be another major corporate growth phase. We have taken numerous measures throughout the
years to emphasize the interest of our investors and we continue to have that policy at the forefront of
our corporate philosophy.'
Gutierrez continued, 'In addition to attention to corporate operations, management continues to explore and
pursue additional synergistic corporate activities. Our spin-off of the online poker operations, which
resulted in a dividend to shareholders and left the company with 4.6 million shares of Midas Entertainment,
is a prime example of what the company has done and will strive to look for in the future.'
Odds released on 77th Annual Academy Awards by Online Casino.
Bodog.com has released the first odds on the 77th Annual Academy Awards, being held in Los Angeles, CA at
the Kodak Theatre on Sunday February 27, 2005.
"The Academy Awards is the single largest awards event for Hollywood every year, and we are very pleased to
be able to make these odds available to players," said Calvin Ayre, Founder and CEO of Bodog.com Sports
Casino Poker. "There were so many good movies this past year, and with no Lord of the Rings movies in this
year's nominations, we could see a much broader spread of recipients."
Currently Jamie Foxx is leading the way for Best Actor in a Leading Role, for his portrayal in Ray. Foxx is
sitting at 3/2 odds. Leonardo DiCaprio is close behind at 2/1 odds. For Best Actor in a Supporting Role,
Golden Globe winner Clive Owen, is the current favorite at 3/2 odds. Next in line is Thomas Haden Church,
for his role in Sideways. Haden Church is listed at 2/1 odds. Hillary Swank, who bulked up substantially
for her role in Million Dollar Baby, is currently the favorite for Best Actress in a Leading Role at 3/2.
The Best Director category has Martin Scorsese tied with Clint Eastwood at 3/2 odds. The coveted Best
Picture category has Martin Scorseses' The Aviator listed as the early favorite at 3/2 odds, with Sideways
coming up behind at 3/1. Finding Neverland is next in line at 6/1 odds, with the powerful depiction of Ray
Charles at 10/1 odds.
"Jamie Foxx did an unbelievable job in his portrayal of Ray Charles, and after his rousing speech at the
Golden Globes, he could be a shoo-in for his first Academy Award," said Calvin Ayre. "Million Dollar Baby,
The Aviator, and Sideways were all excellent movies, and all are very deserving of the nominations, and
potentially the awards."
|
|
