| Home : May 07 2013 Computer News : VGTel, Inc. Sees Growth in Gaming Industry |
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VGTel, Inc. Sees Growth in Gaming Industry |
May 07, 2013
NEW YORK, NY--(Marketwired - May 07, 2013) - VGTel, Inc. (OTCQB: VGTL) began its first quarter with a big push into the internet gaming business. The charitable gaming business and the internet sweepstakes industry is rapidly growing and expanding in the United States and, by some estimates, is likely to reach $20 billion by 2014. Upon completion of our next acquisition, the Company will look to expand operations from its own inventory into five or more existing states of operation and others. The Company is working with operators in Arizona and California to expand the charitable gaming business in those states by acquiring assets already in place and operation. "We are also in the 'due diligence' process to acquire existing assets in place in the field and operation in multiple states with separate reporting management systems and a suite of games that are different than but complementary to some of the existing software in play," said CEO Peter Shafran. He added, "The Company is excited about expanding the charitable gaming and sweepstakes business in those venues and states where it is possible based on the regulatory environments."
Link: http://www.marketwire.com/mw/release.do?id=1787648&sourceType=3
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