American Wagering, Inc. and IGT Announce Contract With Tropicana Hotel and Casino For Mega$ports.LAS VEGAS, Nev.--(BUSINESS WIRE)--Oct. 10, 1997-- - MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Grand, NY-NY, The Rio and Lakeside Inn Receive Gaming Control Board Gaming Control Board or "GCB" is a governmental body or agency charged with regulating casino and other types of gaming in a defined geographical area, usually a state, and of enforcing gaming law in general. Recommendation for Approval - AMERICAN WAGERING, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: BETM), and International Game Technology (IGT IGT impaired glucose tolerance. ) (NYSE NYSE See: New York Stock Exchange : IGT), today announced that Tropicana Hotel and Casino signed a contract for Mega$ports(TM). This property will join the Mega$ports(TM) network pending Nevada Gaming Commission The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. It was founded in 1959 by the Nevada Legislature. approval. Contracts with MGM Grand, NY-NY, The Rio and Lakeside signed several weeks ago have now reached the stage where the Gaming Control Board has recommended approval and will go before the Nevada Gaming Commission in two weeks. Mega$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 professional basketball, golfer to win the Masters. Weekly Pick 22 Superpool(TM) with the player picking the most correct of 22 sports propositions will win a guaranteed minimum $50,000 or more every week and if all are correct will win a progressive prize of over $1 million. All casinos that participate in Mega$ports will be linked together and a progressive prize determined by the volume of betting from these linked casinos. Vic Salerno, Chief Executive Officer of American Wagering, Inc., stated, "This historic property now gives the network a dominant position on the new `Four Corners'. We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that these major casinos have chosen to join our network." 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. CAUTIONARY STATEMENTS FOR PURPOSES OF THE "SAFE HARBOR" 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 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. Robert Ciunci Chief Financial Officer 702/735-0101 -or- Lippert/Heilshorn & Associates, Inc. Jeffrey Volk/John Heilshorn 212/838-3777 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion