Gwin Inc To Enter Online Poker Business
Published: Friday, May 20, 2005 Online-Casinos.com
GWIN TO ENTER ONLINE POKER BUSINESS
Two online poker sites planned
for global target markets.
The chairman & CEO of GWIN Inc, Wayne Root,
this week signed a Letter of Intent with Live Cast Media to enter the online poker
business by capitalising on the brand name Wayne Allyn Root ("WAR").
The agreement is that Live Cast Media (LCM) will create, support and
operate at least two new poker Web sites: WARPoker.com and WARPoker.net.
WARPoker.com will be focused internationally, specifically at the Asian and
European markets and those localities that allow online poker playing, and will
not accept play from U.S. citizens or from citizens in any countries or localities
where such play is prohibited.
LCM has a strong history of marketing
to the Asian and European markets, and feels confident that utilizing Root's personality
and recognition as "America's Handicapper" and "The Face of Las
Vegas Gambling" will create a powerful image attractive to an international
audience.
WARPoker.net will be a non-rake model for fun & prizes only
and will be available for play in all localities where it is legal. This non-rake
business model has been enjoying great success and increasing popularity in the
United States.
The parties believe that the Wayne Allyn Root name, and
the promotional support that GWIN will be able to provide utilizing its database
of gamblers and its various media properties, including "Wayne Allyn Root's
WinningEDGE" television and radio shows, and Web site will provide a strong
user base. Subject to completion of a definitive agreement, the Letter of Intent
calls for GWIN to receive 50% of the profits of the WARPoker.net site and 25%
of the profits from the WARPoker.com site.
Live Cast Media has been operating
globally since 2003 with offices in five worldwide locations including Asia, the
United Kingdom and North America. It offers turnkey solutions for online gaming,
global marketing and multimedia.
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