Global Entertainment Holdings Adds Two More Licensees for Online Sportsbook and Casino; Two More Licensees Engaged for Full Package.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--Aug. 10, 1999-- Global Entertainment Holdings/Equities Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:GAMM GAMM Generalized Air Mobility Model GAMM Gimbal Angle Matching Monitor GAMM German Association for Mathematics and Mechanics ) (www.globalentertainmentINC.com) Tuesday announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Interactive Gaming & Wagering N.V. (IGW IGW Increased Gross Weight (Boeing) IGW Investment Grade Wine IGW Integrated Gateway IGW Integral Gateway IGW Inter-Galactic War IGW If God's Willing IGW International Gateway IGW Internet Gateway IGW Industrial Security Gateway ), has signed two new licensing agreements with Gold Medal gold medal traditional first prize. [Western Cult: Misc.] See : Prize Sports (www.GoldMedalSports.com) and Legalbook Sports (www.FiveCardCharlie.com) to create online sportsbook and casino sites and use the call center software. This brings the total number of licensees to seven. Gold Medal Sports and Legalbook Sports are well-established industry leaders who want to expand its businesses to the Internet. Both licensees have a proven history in the sports wagering marketplace and Gold Medal anticipates over $250 million in 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. this year alone. Last year, Gold Medal exceeded $118 million in wagers. Both sites are expected to be fully operational prior to the beginning of the regular football season when the bulk of wagering activity occurs. "We believe the integration of our Internet sportsbook and casino software with the telephone call center will significantly benefit our clients. The licensees are established companies with existing customers that create a significant advantage over a start-up in that reputation is everything on the Web," said Bryan Abboud, president of IGW. Under the agreements, IGW will develop customized sportsbook and casino sites and enable an 800-call center interface using IGW's proprietary software. IGW's turnkey sportsbook and casino software package allows licensees to immediately handle betting for all major sporting events and casino gaming. Other features include a "common wallet" solution, which allows a seamless passage from the sportsbook to casino gaming using the same account. With headquarters in Omaha, Global Entertainment Holding/Equities provides financial consulting, investment banking and funding for its wholly owned subsidiary, Interactive Gaming and Wagering N.V. (IGW), and TheSportsDaily.com (www.TheSportsDaily.com), a division of Global Entertainment Holdings. IGW, based in Willemstad, Curacao, has developed the Internet & Telephony Sportsbook & Casino System (ITSCS), a leading turnkey sportsbook and casino software package, which it licenses. Global Entertainment Holdings, through TheSportsDaily.com, offers sports enthusiasts a portal to relevant sports information. Visit Global Entertainment at www.globalentertainmentINC.com; Interactive Gaming & Wagering N.V. at www.interactive-gaming.com; TheSportsDaily.com at www.TheSportsDaily.com; and Global's Licensees' sites: www.fairdealsportsbook.com, www.fairdealcasino.com, www.gamedaysportsbook.com, www.gamedaycasino.com, www.vipcasinos.com and www.vipsports.com. 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. Statement Some statements in this release are forward-looking and are subject to certain risks and uncertainties. These risks and uncertainties include but are not limited to economic conditions, changes in laws or regulations, demand for products and services of the company and the effects of competition. These risks and uncertainties could significantly affect anticipated results in the future and actual results may differ materially from any 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. . |
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