AMERICAN WAGERING, INC. and IGT Announce Eight New Contracts for Mega$ports.LAS VEGAS--(BUSINESS WIRE)--Aug. 13, 1997-- Rio Hotel and Casino, Primadonna, Red Garter, Stockman's, Scoreboard, and Lakeside Inn Add to Growing Mega$ports(TM) Network AMERICAN WAGERING, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: BETM), and International Game Technology (IGT IGT impaired glucose tolerance. ) (NYSE NYSE See: New York Stock Exchange : IGT), today announced that the Rio Hotel and Casino, Stockman's Hotel and Casino, The Scoreboard, The Red Garter and the Lakeside Inn, signed contracts to join the Mega$ports(TM) network upon approval from the Nevada Gaming Commission The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. It was founded in 1959 by the Nevada Legislature. . Additionally contracts with Primadonna Resorts, which include three Stateline Casinos, Buffalo Bills, Whisky Pete's, and Primm Valley. Mega$ports(TM), which is being jointly marketed, developed and operated by American Wagering, Inc. and IGT, is a unique and distinct wagering system never before available to the sports betting public. Wagers will be accepted in pari-mutuel format on the outcome of sports contests, events that occur during those contests as well as parlays of outcomes of a group of sports contests. There will be two distinct types of action. Daily wagering on a wide variety of possibilities such as, quarterback to throw the most yards, highest scorer in the NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= , golfer to win the Masters. Weekly Pick 22 Superpool(TM) with the player picking the most correct of 22 will win a guaranteed minimum $50,000 or more every week. For the player who picks all 22, a progressive prize of over $1 million will be awarded. The weekly Pick 22 Superpool(TM) will be created by picking all NFL NFL abbr. National Football League NFL (US) n abbr (= National Football League) → Fußball-Nationalliga winners or all NBA winners or combinations picking 22 winners. All casinos that participate in Mega$ports will be linked together and a progressive prize determined by the volume of betting from these linked casinos. American Wagering, Inc. owns and operates Leroy's Horse and Sports Place, the licensed bookmaker with the largest number of sports book locations in the state of Nevada. American Wagering, Inc. is the leading provider of sports and race book systems in Nevada and also owns and operates a 150-room hotel/casino complex in Las Vegas. -0- CAUTIONARY STATEMENTS FOR PURPOSES OF THE "SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " PROVISIONS OF THE PRIVATE SECURITIES 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. ACT OF 1995 -0- The statements contained in this press release which are not historic facts contain forward-looking information with respect to plans, projections, or future performance of American Wagering, the occurrence of which involves certain risks and uncertainties, including that American Wagering, Inc. takes financial risks on the outcome of sporting events and there can be no assurance that the additional properties will be added to the Mega$ports network or if such properties are added that the operations of Mega$ports will be profitable and uncertainties detailed in American Wagering's filings with the Securities and Exchange Commission. CONTACT: AMERICAN WAGERING INC., Las Vegas Robert Ciunci Chief Financial Officer 702/735-0101 or Lippert/Heilshorn & Associates, Inc., New York Jeffrey Volk/John Heilshorn 212/838-3777 jeffrey@lhai.com |
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