CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!

Gaming News

 

AngelCiti Delivers Very Strong Results in May

11 June 2003

PEMBROKE PINES, Florida – (Press Release) -- AngelCiti Entertainment's (OTC Bulletin Board: AGLC) wholly owned subsidiary Worldwide Management announced extremely positive performance results for the month of May in processing a net handle of approximately $5,666,409 for May with a gross net win of $301,326, a record monthly gross win for Worldwide.

"We were delighted with our results for May," remarked AngelCiti president George Gutierrez. "We continue to offer new and innovative games, which players are responding to well, and we hope to continue this positive momentum as we move into the traditionally slower Summer months. We're implementing many effective new internal systems to enable the Company to operate more efficiently and profitably as we seek to expand and absorb our corporate growth."

A Bear Stearns report for the industry pegs annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly more rosy picture pointing to an estimated $4.5 billion in revenue for calendar year 2002, saying 2005 revenue could exceed $10 billion. InformaMedia Group, which tracks electronic gambling predicts that online gaming revenue will even reach $14.5 billion by 2006.

Worldwide Management provides gaming software to over a dozen gaming websites. AngelCiti's current websites include AngelCitiCasino.com, VacationCasino.com, StarbrightCasino.com, WelcomeToOurCasino.com, QuePasaCasino.com, UrlaubCasino.com LuckyDogCasino.com and many others.

< Gaming News