• AngelCiti Subsidiary Exceeds 100,000 Customers

PEMBROKE PINES, Fla. -- AngelCiti Entertainment (OTC BB:AGEL.OB - News) announced that its wholly owned subsidiary Worldwide Management has now had over 100,000 people download online casino software from its online casino customers. We are very pleased to have achieved this benchmark in barely over a year and a half of operations," remarked AngelCiti president George Gutierrez. "This user base is important not only for measuring our progress to date, but it also provides an enormous resource to which we can market and launch new products. We are exploring new product offerings including live-gaming over the Internet, gaming over cell phones and PDAs and other state-of-the-art progressions in the industry, and with a larger gaming database we are better prepared to take advantage of these rapidly growing opportunities."

> Read the full story here Source : AngelCiti.com

• Lottery Winner Shuns Attention

ST. ALBANS, West Virginia – As reported by the Associated Press: "The letters never stop. Requests, pleas, hard-luck stories, tales to break your heart: thousands of them, enough to fill hip-high filing cabinets that line three conference-room walls in Andrew "Jack" Whittaker's new office. "They come by the dozens, day after day, though it has been a year since Whittaker won the richest undivided lottery jackpot in U.S. history -- $314.9 million, payable in an after-tax lump sum of $113 million -- in a Christmas Day drawing. "…The visitors keep coming, too. Two to four a day -- from as far away as Washington and Idaho -- bringing tales of woe to the Scott Depot house Whittaker still owns, ringing the bell still answered by his wife, Jewell. "…'If I had to do it all over, I'd be more secluded about it,' said Whittaker, a sewer and water contractor who built a multimillion-dollar business well before he won the jackpot. [...]

> Read the full story here Source : CasinoCityTimes.com

• Interest In Wagering On Events Perseveres

WASHINGTON -- Hoping to head off terrorist attacks, the Pentagon last summer planned to set up a Web site to take bets on future events in Iraq and elsewhere in the Middle East. If you wanted to bet Palestinian leader Yasser Arafat would be assassinated, you could have done it on the site. When Congress got wind of this, Sens. Byron Dorgan, D-N.D., and Ron Wyden, D-Ore., promptly scheduled a news conference to vent their outrage. The next day the Pentagon abandoned the project. But the concept of using bets online to collect information is not going away. "There are a bunch of companies interested in using information markets to forecast their future and advise their decisions," said Robin Hanson, one of the chief architects of the Pentagon's ill-fated project. [...]

> Read the full story here Source : ReviewJournal.com

• Vegas Casinos Says Taxes Threaten UK Industry

US casino companies are cautioning the UK government against imposing tax rates of over 20% on gaming profits, threatening that if the taxes are too heavy, they will not invest in the soon to be deregulated gaming industry. Las Vegas companies like Harrah's and MGM Mirage will not build the large casino complexes which form part of the UK’s gambling reforms, unless gaming duty is cut substantially. Lloyd Nathan, managing director of MGM Mirage Development, Europe, said: 'The current tax rate would be prohibitive to the type of large scale development that the government is looking towards.' The deregulation plans were announced in a draft Bill recently, and they allow for unlimited slots in large casinos and fewer planning restrictions for casino developers. Casinos will also be able to offer other types of gambling such as fixed odds betting and bingo. Large casinos pay 40 per cent tax at the moment, although smaller casinos pay less depending on how much profit they make. [...]

> Read the full story here Source : OnlineCasinoNews.com

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