Atlantis Internet Group Corp. (GM) (USOTC:ATIG)
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5 Years : From Oct 2012 to Oct 2017
Atlantis Internet Group, Corp. (PINKSHEETS: ATIG) announced today that it has entered into an agreement with Tabcorp to supply Racetrax®, a simulated racing game, to Indian Casinos nationwide via ATIG's Tribal Gaming Network (TGN) -- (a private gaming network linking Indian Casinos nationwide offering Wide Area Progressive, Class III, Class II and Online Games on Indian lands). This multi-million dollar, multi-year license agreement represents the first time Racetrax® has been offered in any US State except Maryland.
The exciting animated Racetrax® game will join the other popular games featured on the TGN, like TGN Poker, Thunderball -- a Powerball-like Mega Lotto game; Quarterback Draw Football -- a legal simulated Sportsbook/Bingo game, Wide Area Progressive Slots, Live Dealer Online Games, Tournament Games and your favorite traditional casino games.
Racetrax®, developed and operated by Tabcorp, Australia's premier gambling and entertainment group, is a hugely popular animated racing game that combines the excitement of thoroughbred, harness greyhound and car racing with the simplicity and payout characteristics of number games such as Keno. With fixed returns available on Win, Place, Quinella and Trifecta bet types Racetrax® gives customers the chance to win real money on make believe races. Racetrax® will be launched on the TGN in the Fall of 2011. Racetrax® will be offered via the TGN terminals located in Indian Casinos linked nationwide based on a National Indian Gaming Council (NIGC) opinion allowing ATIG to link Tribes together offering Intertribal gaming in 28 States.
The game's animations will be distributed using the Casino's Intranet and satellite television to all eligible retail locations. It is expected that Racetrax® will be seen in Indian Casinos and Truck Stops, Smoke shops and Cyber Café's on Indian lands nationwide. The game has already been a hit in Denmark, Croatia and Sri Lanka and is available through Tabcorp wagering venues in Victoria and New South Wales, Australia.
"With virtually no Federal or State legislation passed to offer nationwide games via the Intranet, the TGN is in a class by itself and with games like Racetrax®, ATIG will offer Indian Casinos nationwide some of the largest jackpots and exciting entertainment since the creation of Powerball. We are proud to add Racetrax® to our list of industry-leading casino games," stated Donald Bailey, President/CEO of Atlantis Internet Group, Corp.
"We are pleased to see the expansion of Racetrax® throughout the American Indian gaming market," said David Attenborough, Tabcorp Chief Executive Officer. "Racetrax is not only innovative, but technologically advanced and very popular in our Australian wagering venues. We look forward to delivering high quality virtual racing games to the Indian Casino market through our partnership with ATIG and their Tribal Gaming Network."
About Atlantis Internet Group, Corp.
ATIG is a Nevada based public Gaming Corporation. ATIG's business objective is to create the first public gaming and Entertainment Corporation to incorporate the technology and marketing of both the Internet and Land based casino industries in the development, lease and sale of server based products. Our management utilizes the experience of gaming executives from traditional land based casinos incorporated with the technology from programmers of online games, slots and server based technology. Together they make use of criteria from the Nevada and New Jersey gaming jurisdictions in the development of the state-of-the-art online games, gaming networks and slot technology, a first in gaming. This team has bridged the gap between online and traditional casinos and will allow its investors to take advantage of the billions of dollars in the traditional casinos and internet gaming industries.
Tabcorp (ASX: TAH) is Australia's leading wagering, gaming and keno operator. Tabcorp operates a strong portfolio of customer brands, serving millions of customers each year. The Tabcorp businesses include the TAB in Victoria and New South Wales, TAB Sportsbet, Luxbet, Sky Racing, Sky Sports Radio, Tabaret, Keno, Tabcorp Gaming Solutions and Racetrax® (branded Trackside in Australia).
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.