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Company News: Page (1) of 1 - 02/27/13 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page

Face Up Entertainment Group, Inc. Looks to Benefit From Nations First Online Gambling Bill By Globenewswire

VALLEY STREAM, N.Y., Feb. 27, 2013 (GLOBE NEWSWIRE) -- Face Up Entertainment Group, Inc. (OTCBB:FUEG), a Reality Gaming Social Network company, today announced that on the heels of the  news that Nevada has become the first state in the nation to legalize online gaming, it will seek to introduce its gaming platform to Nevada enterprises.



The Company through an intermediary had previously initiated discussions with Nevada enterprises, and will immediately seek to have new discussions with an eye for strategic licensing and /or profit sharing partnerships with Nevada casinos which do not yet have an online presence.



"The winds of change with regard to legalization of online gambling have dramatically shifted with the news that Nevada governor signed the nation's first online gambling bill into law. Over the weekend, the news that Nevada became the first state to allow online gaming became known and we believe that Nevada is but the first such state. We are convinced that several other states, led by New Jersey will follow Nevada's decision and we are hopeful that our platform which can also handle rake based gaming, will be an attractive solution", stated Felix Elinson, the Company's CEO.


"Social gaming companies such as ours have been anxiously awaiting the legalization in other states. While online gambling may draw about 40 million players, the number of social casino players is about 170 million" added Mr. Elinson.



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