Friday 25th June 2004 AngelCiti Acquires CityPoker.com
Before the ink has had time to dry on the contract that sealed AngelCiti’s acquisition of Midas Entertainment, the company has announced that it has purchased CityPoker.com in order to further spearhead its poker operations and take advantage of this expanding market. AngelCiti has said that Midas will soon be trading under its own ticker symbol and that it is currently pursuing some ‘attractive financing and strategic alliance opportunities, which should further enhance the value of the transaction’.
George Gutierrez, AngelCiti president, said of the new deal: 'The company's strategic vision continues to unfold with our acquisition of a world-class website from which to promote our online poker operations. CityPoker.com should provide a great deal more traction as we continue to promote and market our online gaming properties. We anticipate beginning a heavy marketing campaign into the fall season, when online gaming traditionally begins to pick up dramatically.'
Source: OnlineCasinoNews
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