Global Entertainment Holdings Announces Support of New Nevada Law Enabling Internet Gaming; GAMM Supports Responsible Regulation of the Online Gaming Industry.Business Editors PARADISE VALLEY, Ariz.--(BUSINESS WIRE)--June 27, 2001 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) ("GAMM") Wednesday announced 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, intends to aggressively pursue business opportunities with Nevada-based casino and sportsbook operations. GAMM announced that it has already been approached by several land-based entities. As one of the leaders in the industry seeking responsible regulation for the online gaming industry, GAMM fully embraces the passage of a recent Nevada law allowing Nevada State Gaming Regulators to draft rules to permit online wagering. "This milestone announcement is the natural evolution and progression of the gaming industry," said Bryan Abboud, managing director of Interactive Gaming & Wagering. "It also opens a window of opportunity for our Internet gaming software solutions across this growth industry." The passage of the law demonstrates the positive momentum behind a responsible, regulated online gaming environment. 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. and 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. must now draft and adopt rules and regulations governing online gaming from within the state. During this period, GAMM will continue its ongoing support of regulation in order to best protect all consumers in the industry. Global Entertainment manages parent company operations and affiliations and the investor, shareholder, and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most for its subsidiaries, Interactive Gaming & Wagering (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 ) and Prevail. IGW, based in Curacao, Netherlands Antilles, develops Internet gaming software which successfully enables a client to enter the online casino or sportsbook markets. Clients can choose between one version of IGW's software which may be operated directly by the client and another version which embodies a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: solution. IGW maintains a hosting environment in Willemstad, Curacao. Prevail is based in Paradise Valley and operates three well recognized Internet gaming web publishing sites. 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 GAMM 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. www.globalentertainmentinc.com www.interactive-gaming.com www.thesportsdaily.com www.netbet.org www.wheretobet.com Interactive Gaming & Wagering Licensee Sites: www.fairdealsports.com www.wssbcasino.com www.gamedaysportsbook.com www.fairdealcasino.com www.wallstreetsuperbook.com www.gamedaycasino.com www.fivecardcharlie.com www.vipsports.com www.5cardcharlie.com www.vipcasinos.com www.sunnysportsbook.com www.goodasgoldcasino.com |
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