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Most Recent Online Casino News
AngelCiti Announces Plans to Dividend out Shares
AngelCiti Entertainment, Inc. (OTCBB:AGEL) announced that management
has decided to dividend out a portion of the shares to be held by the
company in Midas Entertainment, Inc. as a result of the spin-off of the
company's online poker operations. The Midas Entertainment acquisition
is anticipated to close by the third week in July. The online poker
industry has grown over 700% in the past year according to statistics
provided by PokerPulse.com, with billions of dollars to be wagered at
online poker websites this year.
"We have received a tremendous amount of feedback from the
shareholders indicating their interest in owning shares in both
companies," noted AngelCiti President George Gutierrez. "This is a
unique opportunity for our shareholders to own a position in two
companies with high growth and return potential in a very hot segment of
the market. The two separate companies will provide the market with even
better information and we should be rewarded with a higher stock price
and higher shareholder value, as both separate companies continue to
markedly improve their performance."
Poker's tremendous growth and attraction has been evidenced by such
show's as Celebrity Poker and the Travel Channel's 13-week WORLD POKER
TOUR series, which was a huge ratings success on television, quickly
becoming the highest-rated programming on that network in 2003.
Read the
entire article at:
PrimeZone.com
2004 Online Casino News Archive
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