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Gaming Superstores in the Works

11 October 1996

FORT LEE, N.J., Reuters reports that Gaming Venture Corp. U.S.A has completed a deal with Manhattan Gaming Inc. to explore opening and operating future gaming retail locations across the United States.

Manhattan Gaming is a "retail gaming superstore" and Gaming Venture supplies services to the gaming industry. Manhattan Gaming has one location in New York City, Gaming Venture said.

The New York City location was not part of the companies' agreement but Gaming Venture said it was negotiating an option to buy an interest in the spot if a definitive agreement was signed. A definitive agreement was not expected to be signed until the first new location was secured, it said. Then, it said, a new corporation would be formed with each company holding a 50 percent interest.

Gaming Venture said applications had already been submitted around Manhattan for retail kiosk locations to be opened between November and January.

"We are targeting areas which are feeder markets for the major casino operations, initially on the East Coast. It is in these locations that we are exploring opening our first Superstore," Gaming President Alan Woinski said.

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