VANCOUVER, British Columbia--(BUSINESS WIRE)--June 3, 1999--
e-Casino Gaming Corp. (OTC BB:ECGC) is pleased to announce that it is adding two senior gaming and media industry members to the Company's Board of Directors and forming an advisory board of experienced and respected gaming and media industry personnel.
"We are extremely excited to welcome aboard to the e-Casino Gaming Corp team two new Directors and the formation of an advisory board. This select list of people will help us achieve our operating and financial objectives. The people we have brought to the table as directors and advisors are second to none in terms of their experience and contacts in the overall gaming industry, sportsbook wagering, related TV media and MIS areas. We have put together a Dream Team for e-Casino Gaming Corp. and its shareholders", stated Ed Gallagher, President of the Company.
New Directors:
The following new board members are being added:
Mr. Sid Diamond:
Mr. Diamond is the former Director of Race and Sports for Circus Circus Enterprises and Excalibur Hotels in Las Vegas, Nevada. For the past 18 years Mr. Diamond has been licensed by the Nevada State Gaming Commission. Mr. Diamond has managed the sports book business for 5 major casinos.
Mr. Herbert Rossin:
Mr. Rossin holds gaming licenses in Nevada, Guam and the Cook Islands. He is a former Vice President of the Home Shopping Network. Mr. Rossin is involved as a producer in television. Some of his projects include a television show called Sports Talk, major telethons, syndicated TV shows and numerous commercials. He is also the owner of ASAP, a multimedia marketing firm.
Advisory Team Members:
The following people will work closely with the Board of Directors and management in their capacity as Advisory Board members:
Mr. Edward Germano:
Mr. Germano is currently the Chairman and CEO of Gaming Consulting, Inc. a
company founded in 1992 to offer management consulting services to companies involved in the gaming industry. Mr. Germano has over 40 years of experience in planning, organizing, developing and directing companies in the hotel casino environment in New Jersey and Nevada.
Max Kirkland:
Mr. Kirkland is currently employed by Tribune Broadcasting as a computer network engineer. He has designed wagering systems that allow for wagers to be taken over both the Internet and telephone lines.
Mr. Tom Keith:
Mr. Keith has directed over 200 television shows and is in the process of developing a weekly gaming industry TV program.
Mr. Dennis Tobler:
Since 1997, Mr. Tobler has had his own national sports show and has won over 55 handicapping contests in Las Vegas. He is also in the process of working with Mr. Keith in the production of a weekly gaming industry TV program.
Mr. Mike Lattanzio:
Mr. Lattanzio is currently the MIS director for International Sports Wagering. He holds a gaming license in Nevada and has over 10 years experience managing numerous race and sports books in Las Vegas.
"This team of experts represents over 100 years of direct experience in the key areas of our business. We now have the handicapping, MIS, management and, most importantly, the direct leadership experience in the gaming industry covered for e-Casino Gaming Corp. In addition to working with us on the development of e-Casino Gaming Corp.'s current business, we are also in negotiations with this group of people to develop additional related businesses. This is very exciting for all of us associated with e -Casino Gaming Corp.", stated Mr. Gallagher.
About e-Casino Gaming Corporation.
e-Casino Gaming Corp. is a casino and gaming business based in Costa Rica. The first element of its business is the establishment of an online casino and gaming business at www.e-casinogaming.com . The Company is also in the process of developing related businesses and other electronic and e-commerce business that will enhance its overall growth and profit potential.
e-Casino Gaming Corp. competes with other operators in the internet gaming market such as GIC Global Intertainment Corporation (OTC BB:GLOW), Global Games Corporation (OTC BB:GGNC), Starnet Communications International Inc.(OTC BB: SNMM), Atlantic International Entertainment Ltd., (OTC BB:AIEE), Gaming Lottery Corp.(Nasdaq:GLCCF - news) and Cybergames Inc.(OTC BB:CYGA)
e-Casino Gaming Corp. licenses its gaming software from Intersphere Communications, Ltd. (Grenada), a subsidiary of Internet Gaming and Communications Corp. (OTC BB:SBET)of Philadelphia, PA. Intersphere's - LiveAction Gaming Platform is the most advanced premier gaming management system available for managing and operating an Internet or phone-based sports book and online casino. The system consists of two optional modules including the LineMaster Sports Wagering System, and the Java-based House Advantage Casino Management System.
Frost & Sullivan estimate that wagering via the Internet was approximately $1 billion in 1998. Gaming consultants Christinansen/Cummings estimate Internet wagering to reach $2.3 billion by 2001. The Financial Times has estimated that the Internet gaming market will yield annual net earnings of US $10.2 billion by the year 2002. Playboy (NYSE:PLA) and Harrah's (NYSE:HET) are now entering the sector.
This press release contains forward-looking statements with respect to the results of operations and business which could be materially different from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission.
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