THE INTERNET GAMING CORPORATION LIMITED
(REGISTRATION NUMBER : 99/13715/06)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
("IGAMING")
Shareholders are referred to the cautionary announcement dated 18 June 2001
and are advised that the Board of Directors of Igaming are still considering
various proposals which if adopted, will result in a significant restructure
of the Igaming Group.
Shareholders are furthermore advised that the Board of Directors of Igaming
and their Corporate Advisors are now at an advanced stage of negotiations
which if concluded will result in Igaming acquiring several businesses that
are currently operating Online Casinos on the Internet. Igaming is also
investigating the possibility of forming a joint venture agreement with a
well established Sports Betting operation, which if successful, will result
in Igaming being in a position to offer Sports Betting on the Internet and
to cross market that "value added" product through Online Casinos operated
by the Igaming Group.
Should these proposals as aforesaid be concluded and implemented, the effect
upon Igaming could have a material impact upon the price of Igaming shares
on the JSE Securities Exchange South Africa.
Shareholders of Igaming are therefore advised to exercise caution when
dealing in their Igaming shares on the JSE Securities Exchange South Africa
until such time as these proposals, acquisitions and joint venture are
concluded and formally announced to Igaming shareholders.
BY ORDER OF THE BOARD OF DIRECTORS
JOHANNESBURG
18 JULY 2001
Enquiries : Stephen Lumb (Chief Executive Officer)
(011) 807-6351 (Office)
(011) 807-4128 (Fax)
sclumb@igaming.co.za
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