Issue 227
January 17 - 23, 2005
Volume 5
page 2
 

Greek Mythology (Macau) Entertainment Group Limited Plans to Submit Development Concept for Integrated Resort Project in Singapore

Singapore - Macau gaming and entertainment group Greek Mythology (Macau) Entertainment Group Limited today announces its intention to submit a proposal to the Government of Singapore in response to its call for potential investments in an integrated resort project with casino gaming.

The proposal will outline the company's preliminary development concepts for the project which will include a casino, hotels, convention halls, shopping malls and other leisure facilities, with total investments estimated at around HK$5-6 billion. While the casino will be one of the major attractions of the integrated resort project in Singapore, the entire project will be a recreational and business cluster.

Mr Ng Man Sun, President, Greek Mythology Casino, said, ''We intend to invite the participation of A-Max Holdings Limited and other strategic partners in this submission, our first step to tap into Asia's gaming and entertainment industry which is valued at about US$14 billion a year.''

The company's newly opened Greek Mythology Casino in Macau has been recording an average daily traffic of about 30,000 visitors since its inception. In anticipation of increasing number of visitors, the second phase of the casino, with an extra space of 140,000 sq ft, is targeted to open doors before the Chinese New Year. When the second phase is operational, the total number of gaming tables at Greek Mythology will increase to 500, plus the addition of six VIP rooms and 100 slotting machines.
New recreational facilities will also be unveiled in the extended hall. In view of the strong demand for children's and care services, the company will expand and relocate the existing 3,000-sq-ft children's centre to the top floor with a space of 30,000 sq ft.

On November 30, 2004, Greek Mythology (Macau) entered into an agreement with Hong Kong listed A-Max Holdings Limited (SEHK: 959) pursuant to which A- Max will become one of the major shareholders with a maximum equity interest of approximately 14% in Greek Mythology (Macau). Greek Mythology Casino operates under a concession arrangement with Sociedade de Jogos de Macao, S. A.

 

 

 


Sportech Strikes Deal with Boss Media

LIVERPOOL, England - Boss Media have announced they have signed a deal with UK gaming company, Sportech Plc to provide a casino and poker platform for Sportech's Littlewood's Bet Direct Internet Gaming site.

Boss will supply a casino system with GBP as the base currency, available in download and in web-based versions. Littlewoods is one of the biggest gaming operations in the UK, providing services to over one million customers.

'We are very happy for the contract to provide Littlewoods BetDirect with a casino and poker solution. Given our experience from customized integrated gaming solutions, and Littlewoods extensive experience from gaming operations, we see a great potential in this cooperation,' says Peter Bertilsson, President and CEO of Boss Media.

'When looking to develop the casino and poker products for Bet Direct we were conscious that the products needed to utilize the existing account offered on the Bet Direct Sportsbook. Boss Media have proven expertise in this area and this coupled with their excellent product offering made them the natural choice,' says Phil Kissane, Director of Internet Gaming at Littlewoods Gaming.

Parlay Entertainment Inc. Completes Relocation of its Corporate Domicile

OAKVILLE, Ontario - Parlay Entertainment Inc.,formerly dot com Entertainment Group, Inc., the world's leading supplier of Internet Bingo solutions, is pleased to announce that it has successfully completed the relocation of its corporate domicile from the State of Florida to the Province of Ontario.

The result of this two-step corporate action results in the Canadianization of the Company. On October 18, 2004, DCEG moved into Ontario through the State of Nevada and then amalgamated, on November 30, 2004, with its various Canadian subsidiaries to become Parlay Entertainment Inc.

Shareholders of DCEG became shareholders of Parlay by operation of law.

As was outlined in the Plans of Conversion and Merger, which were forwarded to shareholders in October 2004, rights of dissent were available under Florida and Nevada law. No shareholder elected to exercise any right to dissent.

"We believe that the relocation of our Company from the United States to Canada, and a streamlined and more efficient corporate structure, will benefit all of our shareholders, through more attractive valuations and shareholder liquidity," said Scott White, Parlay's President & CEO. "Reporting requirements from new regulations such as Sarbanes-Oxley create a burden for small businesses in the United States, disproportionate to their size. A Canadian domicile, on the other hand, will allow Parlay to focus less on overhead, and more on driving the growth of the business, much of which will be in international markets outside of the United States."

The shares of Parlay Entertainment Inc. are presently quoted on the United States Pink Sheets under the symbol "DCEG". Effective in mid-January, a new share symbol more representative of Parlay's new corporate name will replace the present symbol. We will update our stakeholders as soon as the new symbol is assigned to the Company by the NASDAQ. The Company has also recently applied to list its shares on the TSX Venture Exchange.

Eddie Money

Gold Strike Casino Resort: Rock singer, Eddie Money performs hits like, "Two Tickets To Paradise" and "Baby Hold On" at the Gold Strike Casino Resort.

Dates: February 18, 2005

Price: $25

Time: 9:00 pm

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