Article: Trans World Gaming Corp. signs letter of intent to merge with Tottenham & Co.

NEW YORK--(BUSINESS WIRE)--Dec. 2, 1996--

- Andrew Tottenham To Be Appointed President And Chief Executive

Officer

of Trans World Gaming Corp.-

Trans World Gaming Corp. ("TWG")(Nasdaq NM: IBET, IBETW) today announced that it has signed a non-binding letter of intent to merge with Tottenham & Co., a private international gaming consultancy based in London. Under the terms of the proposed merger, Andrew Tottenham, President of Tottenham & Co. and current member of Trans World Gaming's Board of Directors, will be appointed President and CEO of Trans World Gaming. Stanley Kohlenberg, the ...

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