|Worldwide Management, a subsidiary AngelCiti Entertainment, have done well so far this year. They’ve gleefully told the industry that they’ve had their strongest financial quarter to date. The company processed a net handle of roughly $16 million.|
George Gutierrez, AngelCiti president: 'We continue to be enthusiastic about the company's results and future prospects as we move forward in implementing additional positive changes. We are exploring the capital markets for synergistic investment and merger opportunities to more rapidly implement our full business model and are seeking to increase the suite of available products we offer to clients.'
Worldwide Management already provides over a dozen gaming websites, yet they clearly have no intention of quitting whilst they’re ahead. Current casino websites the group is responsible for already include names such as: AngelCiti, Starbright, and LuckyDog.
A Bear Stearns report for the I-gaming industry puts annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts an even better picture estimating $4.5 billion in revenue for calendar year 2002, saying 2005 revenue could exceed $10 billion. InformaMedia Group, which tracks electronic gambling predicts that online gaming revenue will even reach $14.5 billion by 2006. Looks like now that Bush has finally stopped randomly declaring war on third world countries, the economy is picking up.