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777 Sports Announces Online Multi-Table Poker Success.


SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America.  -- 777 Sports Entertainment Sports entertainment is a type of of entertainment that takes the form of a sporting event, but with more emphasis on dramatic storylines, humor, spectacle or titillation than on a contest of athletic skills.  Corp. (Pink Sheets:SVNP) is pleased to announce the instant success of September's soft launch of its multi-table poker poker, card game, believed to have originated in Asia and first played in the United States in the 19th cent. A traditional cutthroat gambling game at first, it is now also an internationally popular social pastime.  platform. Online players are able to access a minimum player base of two-to-four thousand, with this base increasing to three-to-four thousand active- and for-fun players at peak periods.

777 President James Po Ho Cheung said that while the Texas Hold'em tables are the most requested, the site's other casino options are experiencing increased traffic on a regular basis. "With the World Series of Poker The World Series of Poker is the largest set of poker tournaments in the world. It is held annually in Las Vegas, lasting just over a month. A bracelet is awarded to the winner of each of the fifty-plus events which include all the major varieties of poker.  satellite tournaments coming up, players wish to participate in as many Hold'em games as are available, to provide valuable experience for their tournament play. The response to the multi-table poker platform would appear to strongly supplement the success of sportsbook operations in our first three months of business."

Mr. Cheung noted that the 777 gross handle increased to $7.5 million in September. He also stated that the "hard" launch of the multi-table poker platform was on schedule for later this month. He anticipates that as the Hockey, Football, and Basketball seasons progress, the handle should continue to increase.

About 777 Sports Entertainment Corp.

777 Sports Entertainment Corp., has positioned itself to capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 the explosive growth of the i-gaming market. The company holds an interest in a fully operational i-gaming company which offers a suite of internet gaming products to members through 777betz.com. Casino operations and a sports book provide a one-stop gaming experience accessed through a distinctive branded website, which is easy to use. Casino operations and all 777betz.com operations originate from San Jose, Costa Rica.

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.
 

The above statements in regard to 777 which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995, including 777's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date.

It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.
COPYRIGHT 2005 Business Wire
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 31, 2005
Words:376
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