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Australia's ECORP Gets Slice of Gambling Pie

20 February 2002

AUSTRALIA – As reported by (Australia ) "ECORP is taking a 50 per cent stake in PBL's Vanuatu-based online casino.

"The two Packer-backed companies said in a statement to the Australian Stock Exchange that they would share 50:50 ownership and joint operational control of the gaming website.

"Ecorp would contribute $2.7 million for its share in the cost of launching

"…Ecorp chief executive Alison Deans said Ecorp was entering a growth area of the internet in partnership with a leading global brand.

"…Under the agreement, PBL subsidiary PBL Gaming Technologies would continue to develop software for the gaming industry and licence its technology to the joint venture…"

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