Casinos.co.uk News
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Tuesday 15th June 2004
George Gutierrez, president of AngelCiti, has announced an
agreement to acquire control of online poker company, Midas
entertainment. In a statement released today he said: 'This is the
first step in fully separating the Company's two distinct
businesses,' remarked AngelCiti president George Gutierrez. 'The
Company is close to finalizing material financing dedicated to the
growth and development of the online poker company, which has
proven attractive to investors given poker's astounding
popularity.”
Midas is certainly an apt name for an online poker company in an
industry, which, according to PokerPulse.com, has grown over 700%
in the past year, and Gutierrez is optimistic about the future:
“Midas will begin a major marketing campaign this fall to
capitalize on the peak months for online gaming to significantly
grow the company's presence. Management anticipates that Midas
Entertainment will generate millions of dollars in revenues over
the next 12 months as a stand alone company, materially enhancing
AngelCiti's market value and market exposure.'
AngelCiti's wholly owned subsidiary Worldwide Management
provides gaming software to numerous online casinos and currently
services casinos in English, Spanish, German, Chinese and Japanese
as well as providing software for Sharkpoker.com.
Source: OnlineCasinoNews
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