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Article: AngelCiti Approves Spin-Off of Its Online Poker Operations Into a Separately Traded Public Company.
- Article from:
- PR Newswire
- Article date:
- April 2, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AngelCiti Entertainment, Inc. (BULLETIN BOARD: AGEL) announced that the board of directors unanimously approved the spin-off of its online poker operations into a separate publicly traded company. AngelCiti's wholly owned subsidiary Worldwide Management will split off its online poker operations into a separate company to more fully exploit the meteoric growth of the online poker industry. While online gaming itself continues to grow at a dramatic pace, the online poker industry has grown over 500% in the past year, according to statistics provided by PokerPulse.com, with an estimated $16 billion to be wagered at online poker websites this year.
"Management ...
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