Chancellor Corporation Announces Development of Beijing's First Western Style CASINO.SAN FRANCISCO--(BUSINESS WIRE)--Sept. 22, 1997--A Spokesperson for Chancellor Corporation (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 OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CELR) announced today that final plans and financing are in place for the development of Beijing's first "Western Style" Casino. The Casino is part of a master development agreement of a Joint Venture project with Chancellor Corporation and the Dadu International Jockey Club (DIJC) in Beijing, China. In other related news concerning the project, the Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. office of Chancellor announced today that they have began selling charter memberships in (DIJC). The membership fees range from $100,000 to $150,000 per member. Chancellor's Beijing office has announced the date for a major press conference to launch the Lottery operations within the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The press conference will be held in Beijing on Oct. 20, 1997. The official Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
Articles will be placed in all newspapers throughout the People's Republic of China and formal press releases will be published for worldwide distribution on radio and TV. It is also anticipated that all the Department Heads of the Chinese government are slated to be in attendance. Details of the lottery agreement are listed on the Internet at Geraldsnet Stock Research Network. http://www.geraldsnet.com . CONTACT: Gerald Communications Director Investor Relations Investor relations The process by which the corporation communicates with its investors. Gerald Sterchi, 916/854-4931 Fax: 916/983-7783 email: gerald@geraldsnet.com http://www.geraldsnet.com |
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