|AngelCiti Entertainment's wholly owned subsidiary Worldwide Management announced that it entered into an agreement to provide software to RedDevilCasino.com and SharkCasino.com and will additionally provide affiliate support to help drive traffic and customers to those sites.|
It is anticipated that these sites will be integrated and fully operational within the next 30 days. 'We continue to seek out and bring on additional gaming sites to expand the Company's reach and increase profitability,' remarked AngelCiti president George Gutierrez. 'We are proud to provide services to these two new gaming sites and anticipate bringing on additional sites in the near future, with a particular emphasis on the Asian markets, which are currently experiencing explosive growth in both high-speed internet penetration and online gaming.'
A Bear Stearns report for the industry pegs annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly more rosy picture pointing to an estimated $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.
Worldwide Management provides gaming software to over a dozen gaming websites. AngelCiti's current websites include AngelCitiCasino.com, VacationCasino.com, StarbrightCasino.com, WelcomeToOurCasino.com, QuePasaCasino.com, UrlaubCasino.com and LuckyDogCasino.