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PokerNewsWeb.com Launches Gaming Investor Forum; Online Casinos and Poker Investment Featured

5/25/2005 1:20:01 PM

PokerNewsWeb.com, an innovative source of poker and gaming investment articles, announced the launch of its investing webpage and 'StockTalk' forum today at www.gaminginvesting.com.

"Right now, about 10% of business in the United States is conducted on the Internet, and within 7-10 years it's expected to grow to 90%," said Kurt Stine, publisher of the new gaming investing site. "Online gaming will make up a significant percentage of that growth, and our thinking is to keep gaming investors ahead of that wave by building a community where investors and enthusiasts alike are able to discuss the tremendous opportunities in online gaming today. If investors know their prospective investment and its product, they can cash in before it's market-mainstream."

The popularity of online gaming and televised Texas Hold'em Poker Tournaments are a worldwide phenomenon that is adding to the bottom line profits of publicly listed gaming software companies including SportingBet (SBT.L), Chartwell (CWH.TO), Cryptologic (CRYP), Gaming Transactions (GGTS.PK), and World Gaming (WGMGY.OB)

Savvy investors are cashing in on the online gaming industry with global revenues that will reach USD$14.52 billion in 2006, up from USD$3.81 billion last year. According to PokerPulse.com there are now over 1.9 million poker players online, and more than 200 online poker sites collectively are generating about $2 billion a year in revenues; equal to 40% of last year's $5 billion in gambling revenues from the entire "Las Vegas Strip".

In addition to the GamingInvesting.com StockTalk forum with its provocative topics, PokerNewsWeb.com educates the public with timely industry news, poker strategies, and poker commentaries written by winning poker players that are active within the online and land based poker tournament circuit.

For poker information please visit www.pokernewsweb.com.

SOURCE: GamingInvesting.com

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