6 Billion Dollar Internet Gaming Market Offers Potential State Deficit Solution; Atlantis Internet Group Corp., an Internet Software Company, Offers Proposal to States Facing Deficits.HENDERSON, Nev. -- Atlantis Internet Group Corp. (ATIG ATIG Asthma Targeted Intervention Grant (Australia) - News), a leader in Internet Gaming software, announced today that it would donate a one-year license to use its online casino Online casinos, also known as virtual casinos or internet casinos, are online versions of traditional ("brick and mortar") casinos. Online casinos enable gamblers to play and wager on casino games through the Internet. management software to any state in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. that passes an Internet Gaming bill permitting online casino gaming within that state. The proposal was announced yesterday by the President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Atlantis Internet Group Corp. (ATIG), Donald L. Bailey. Such legislation could be designed, potentially, to allow any state that is home to casino owners holding a current U.S. gaming license, to offer Internet Gaming from that state to international customers only. States that pass the legislation could then generate revenue from the untapped offshore Internet gaming industry (with a market size of approximately $6 Billion), while creating virtually no negative impact to residents within the United States or breaking any current state or federal laws. With almost every one of the 50 states within the United States facing their largest deficit since the great depression, this is a challenge to state and federal lawmakers to come up with real solutions to help solve the deficit problems of states across the country. ATIG has offered to donate a license to use its online casino management software, free of charge, for one (1) year to any state that passes an Internet Gaming bill. Casinos may pay anywhere from approximately $250,000 to $500,000 per year for a comparable license, and if a state charged only 10-15% of the gross wins of the Internet casino operations they could generate potentially more than $600 million dollars a year. For the first year following adoption of the proposed legislation, ATIG will make its software available to the applicable states without charge. "This is a viable solution to many problems," said ATIG President & CEO Donald L. Bailey. "Suddenly, states could ease their cash deficits without: 1) raising taxes on residents; 2) requiring a license holder to already be licensed within the United States; 3) eliminating certain criminal elements; and 4) creating no negative impact on state residents since, under this concept, casinos could only accept monetary wagers WAGERS. A wager is a bet a contract by which two parties or more agree that a certain sum of money, or other thing, shall be paid or delivered to one of them, on the happening or not happening of an uncertain event. 2. The law does not prohibit all wagers. from international customers." Mr. Bailey added, "Our software has the capability of filtering out wagers placed from within the United States or other unauthorized locations, so monitoring the activities of online casinos is now easier than ever." The State of Nevada has already adopted an Internet Gaming law Gaming law can be described as the set of rules and regulations that apply to the gaming or gambling industry. Gaming law is not exactly a branch of law in the traditional sense but rather a transversal gathering of a range of legal topics related to gaming which encompasses that allows its residents to gamble on Internet Casinos within Nevada. Once that law was passed, ATIG was selected by a licensed Nevada casino to supply its land-based casino with online casino games. For the past year and a half, ATIG casino games Games available in most casinos are commonly called casino games. In a casino game, the players gamble casino chips on various possible random outcomes or combinations of outcomes. Casino games are available in online casinos, where permitted by law. have been successfully operating on the website of the AVI (Audio Video Interleaved) A Windows multimedia video format from Microsoft. It interleaves standard waveform audio and digital video frames (bitmaps) to provide reduced animation at 15 fps at 160x120x8 resolution. Audio is 11,025Hz, 8-bit samples. Resort & Casino in Laughlin, Nevada Laughlin is a census-designated place (CDP) in Clark County, Nevada, United States. As of the 2000 census, the CDP population was 7,076, and its population was estimated at 8,629 in 2006. Laughlin is a port located on the Colorado River 94 miles (152.3 km) south of Las Vegas. (www.avicasino.com). That web site features play-for-fun casino games, and the casino offers "comps" to worldwide visitors to the site that play its online games. This was a bold new step for Nevada and the first step to legalizing Internet Gaming within the state, however there is no current federal law in place which provides a legal standard for the residents of all states to engage in Internet gambling. Consequently, many states are waiting for comprehensive federal legislation to be enacted before joining in. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , states and their residents are losing the tax base value of a multi-billion industry. Another example of government sanctioned Internet Gaming activity is Mohawk Internet Technologies, operated by a native Canadian tribal organization. This organization called The Kahnawake Gaming Commission The Kahnawake Gaming Commission is an organisation that sells casino licences. It is based in Kahnawake 14, Quebec. It licenses a large number of online casinos and online poker rooms. licenses online casinos and they have no shortage of casino customers or revenues. So what are U.S. state A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and and federal legislators waiting for? Maybe its time for each of us to ask our own representatives that question, but in the meantime, "ATIG will step up to the plate and do its part!" Mr. Bailey concluded. About Atlantis Internet Group Corp.(www.AtlantisInternetGroup.com) Atlantis currently offers a variety of leading technological software products for the Internet Gaming industry from In-Room Gaming Systems to high-resolution Palm Pilot gaming products. Atlantis' online technology allows wagers to be placed from home, the office or anywhere in the world where allowed by law via the Internet, without the need to download resident files. Utilizing licensed gaming executives as part of its executive consulting team to oversee its state-of-the-art online gaming See gaming. products, Atlantis Internet Group Corp. is bridging the gap between traditional gaming casinos and online gaming. Atlantis Internet Group Inc. is the first company to interface its online games with industry standard player tracking systems. Internet users can "play-for-fun" at www.atlantisinternetgroup.com. Games include: blackjack blackjack, one of the world's most widely played gambling card games; also known as twenty-one or vingt-et-un. Despite contesting claims between the French and Italians, its origins are unknown. , roulette roulette (r  lĕt`), game of chance popular in gambling casinos, and in a simplified form elsewhere. In gambling houses the roulette wheel is set in an oblong table. ,
craps craps: see dice. craps Gambling game in which each player in turn throws two dice, attempting to roll a winning combination. The term derives from a Louisiana French word, crabs, which means “losing throw. , slots and more. The games utilize industry-leading technology. In addition, the web site features links to Atlantis Internet Group clients, corporate information, and descriptions of products the company offers. Any statements made in this press release which are not historical facts contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , as such term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievement expressed or implied by such forward looking statements. In some cases, you can identify forward looking statements by terminology such as "may," "will," "should," "could," "intend," "expects," "plan," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other comparable terminology. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements. For more information, please contact: Investor/Media relations: Tom Speciale, 631-393-5137 Atlantis Internet Group Corp. 10120 South Eastern Avenue, Suite 200 Henderson, NV 89052. |
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