Bingo.com Launches its Cash Games
Press Release

ANGUILLA, British West Indies - Bingo.com, Ltd., operator of the Internet's pre-eminent bingo portal, is pleased to announce that it has launched cash-based gaming on its website, www.bingo.com.

As previously announced, the new cash gaming software has been provided under licence by Chartwell Technology Inc. The new games offer Bingo.com's players the experience of flash based 75 and 90 ball bingo games, complete with chat features and the opportunity to play a full suite of soft games which are offered as side games or intermission entertainment.

"With the launch of our cash games, Bingo.com has entered into a new phase of its development as a business," commented Tarrnie Williams, the Company's CEO. "Bingo is one of the World's most played games and we are looking forward to translating the scope of that popularity to the online World."

While still in its infancy, online bingo has already attracted more than five million players with a demographic profile that differs significantly from that of online casino and poker players.

Bingo.com is one of the world's largest online bingo destinations, with a player base of over one million registered players. Through its player acquisition strategy and unique brand identity Bingo.com attracts over 30,000 visitors each day, averages over 800 new player signups per day and has served up over four billion Bingo cards to date on a play for fun basis.

Gambling business: SA casino giant doubtful on Singapore prospective, stakes on Africa
As reported by gamblinggates.com

South Africa - South African casino and hotel operator Peermont Global is going to expand its gambling business into African market to keep profits rising. The country's second-largest hotel and gambling company is planning to open its resorts in Mozambique, Angola and Uganda.

"We believe Africa has tremendous potential," he said in an interview. "Obviously you have to take the bad with the good but our initial experience looking at Mozambique and Angola has been positive. We are also looking at something in Uganda," told Reuters Chief Executive Ernie Joubert.

The company is expecting to strike a deal next month and at least another one by the end of December. All projects abroad should be developed jointly with a local partner. The gambling provider believes, the new contracts will boost the net earnings this year. Experts predict their fully diluted headline earnings per share will be of 60 cents in 2005 compared to 49.7 cents in 2004.

The entire investment portfolio for developing new properties this year will be of about 175 million rand ($US 26,4 million). This includes the company's bid for building two grand casinos in Singapore. However, Joubert estimates their chances as very low taking into account the strong position of the largest gambling companies they compete with: Harrah's Entertainment, MGM Mirage and Las Vegas Sands.

"Realistically our chances are low ... we are still part of a big crowd running against some very big companies and the process favors the big ones," he said.

If failing to get the Singaporean deal, the company will go ahead its African focus concentrating on cities and main towns. The further prospective also envisages running safari lodges with the help of getting a stake in a company with expertise in this area.

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