AngelCiti Entertainment, a Costa Rica – based company vested in acquiring online gaming software providers and gaming companies, announced a purchase of online poker company, Midas Entertainment. AngelCiti’s president, George Gutierrez, said that this deal would be a stepping stone for their development and would initiate a full separation of company’s activity in two distinct businesses, reported Onlinecasinonews.com.
“The Company is close to finalizing material financing dedicated to the growth and development of the online poker company, which has proven attractive to investors given poker’s astounding popularity,” commented George Gutierrez.
Midas Entertainment, assessed by PokerPulse.com to grow over 700% in 2003, is considered to bring success to the company. “Midas will begin a major marketing campaign this fall to capitalize on the peak months for online gaming to significantly grow the company’s presence. Management anticipates that Midas Entertainment will generate millions of dollars in revenues over the next 12 months as a stand alone company, materially enhancing AngelCiti’s market value and market exposure,” stated George Gutierrez.
AngelCiti’s wholly owned subsidiary Worldwide Management currently services casinos in English, Spanish, German, Chinese and Japanese.