MY CASINO LIMITED
Gaming Turnover for June - $36 Million Document date: Mon 03 Jul 2000 Released time: Mon 03 Jul 2000 11:19:06 Document No: 180871 Document part: A Market Flag: Y Classification: Periodic Reports - Other
MY CASINO LIMITED 2000-07-03 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ MEDIA RELEASE
My Casino has become the world's number one money-spinner for Internet gaming, handling a windfall AUD$36 million in betting monies for June through its wholly owned subsidiary in Vanuatu.
Turnover for June shows an impressive 63 per cent increase on May's figure of AUD$22 million, far exceeding My Casino's pre-listing predictions.
The Managing Director of My Casino, Mr Gordon McIntosh, said: "My Casino is the world's most successful online gambling site when it comes to making money. There is no other online gaming competitor who has been able to match or exceed our turnover performance."
"Unlike many of our private competitors, My Casino is fully audited and verifiable, ensuring that financial figures are a true reflection of reality."
"My Casino is confident that this impressive turnover trend will continue. We project that for the end of the following financial quarter we will reach a staggering AUD$50 million in betting monies per month."
Mr McIntosh believes that the key to My Casino's success is its strong management team and equally strong business relationships with key casino marketing agents in South East Asia. As a result, the majority of contributing punters are based in South East Asia.
My Casino shares listed on April 17, defying the Black Monday market correction to close 275 per cent higher, above its 20c issue price. As a result of April's capital raising and conversion monies from June 2000 options the company is in a robust position, being cashed up with over AUD$8 million. My Casino stock currently sits at 46.5c (close of trading 30.06.00), more than double its issue price.
My Casino's Internet gaming operations are licensed and based in Vanuatu and are not subject to Australian legislation or moratorium on Internet gaming licences.
The online casino has a number of key strengths over competitors, these include:
* A strong management team * Licenses granted for 10 years and 10-year renewal * Highly competitive 4% gaming tax rate * Secure financial transactions handled by Barclays Bank in the UK * Low operating costs ensuring high profitability for the company
For further information please contact:
Jodie Parry, Senior Consultant- The Capital Group, Ph: (08) 9381 1877 Karen Latter, Senior Consultant- The Capital Group, Ph: (08)9381 1877 Gordon McIntosh, Managing Director- My Casino, Ph: (08) 9481 1525 ---- CHECKIT Und es geht doch aufwärts ! |