Here are some tips in order to step to the roulette table for the with confidence.
First of all you must know that the chips from the roulette are particular and unique in a casino. So how is working.There are many very popular live roulette available online that can actually bring you some extra cash. After you put your money or regular chips down called checks you will receive a stack of chips all the same color. Each player from the table will receive their own color, so the dealer knows who’s bet is who’s.
All of your chips will be of the same value. After you receive you chips the dealer will place a lammer in top of you stack so if you have 100 USD lammer in top that means that you have 20 chips of $5.
Now you can begin to play. There are 2 types of bets inside bets and outside bets.
You have just to put down a chip where you want to bet.You can make different bets , for exemple you can bet in the same time on red an black, as long as your bet total is over the table minimum usually 5 USD.
You can still place your bets right up until the dealer yells “no more bets!”. Now is just a matter of luck.There is no rule or trick that can help you is all about intuition.After the ball comes to rest, the dealers will begin to pay the winning bets.If you feel lucky continue and never know can be your lucky day

AURORA, ON, July 21 /PRNewswire-FirstCall/ — Magna Entertainment Corp. (”MEC”) (NASDAQ: MECA; TSX: MEC.A) announced today that Scott Borgemenke will leave his position as Executive Vice President, Racing effective July 18th.
“Scott has helped MEC move forward on a number of important operational initiatives. We very much appreciate his efforts, and we wish him well,” said Frank Stronach, MEC Chairman and Chief Executive Officer.
Scott Borgemenke stated: “MEC is a company with enormous growth opportunities. I wish my friends there nothing but success, and will continue to provide any counsel I can. I will watch intently as the MEC team implements its strategic plan. Unfortunately, at this point in my life, my corporate and family responsibilities conflict.”
MEC, North America’s largest owner and operator of horse racetracks, based on revenue, acquires, develops, owns and operates horse racetracks and related pari-mutuel wagering operations, including off-track betting facilities. MEC also develops, owns and operates casinos in conjunction with its racetracks where permitted by law. MEC owns and operates AmTote International, Inc., a provider of totalisator services to the pari-mutuel industry, XpressBet(R), a national Internet and telephone account wagering system, as well as MagnaBet(TM) internationally. Pursuant to joint ventures, MEC has a fifty percent interest in HorseRacing TV(R), a 24-hour horse racing television network, and TrackNet Media Group LLC, a content management company formed for distribution of the full breadth of MEC’s horse racing content.
Magna Entertainment Corp.

LAS VEGAS, Aug. 26 /PRNewswire/ — Marketing Results, Inc. (MRI), , and eBet, , Australia’s largest gaming systems company, announced today the agreement for eBet to exclusively distribute the Advanced Intelligence Marketing (AIM(TM)) system, , including the CRM, campaign management, analysis and player development applications.
“The relationship between Marketing Results and eBet represents a blend of technologies to further empower casino marketers,” said Gary Border, President of Marketing Results. “AIM enables casino operators to experience the learning curve ahead of their competitors and implement even more personal communications with better managed reinvestment. The AIM and eBet relationship allows Australian casinos to stay on the forefront of casino marketing and CRM technology, areas which are increasingly necessary for casino marketing success in today’s fast-paced business environments.”
Marketing Results’ AIM system is a casino database marketing tool; a powerful, in-house solution that transforms data about player behaviors into information that supports revenue-generating decisions. The agreement will expand AIM throughout Australia, providing gaming operators with a set of marketing and analysis tools. The eBet team has in-depth gaming experience, currently managing over 55,000 slot machines in this territory.
“Las Vegas and United States companies have developed important tools for managing gamblers’ experiences. We went to the source (Las Vegas) and identified AIM as the premier solution for Australian gaming operators,” said Tony Toohey, CEO and Managing Director of eBet. “We know the market and AIM will give our players clubs and gaming operators better tools to manage their business.”
Marketing Results has invested decades to understanding gamblers’ likes and dislikes. The AIM applications seize upon player information, providing operators tools to improve the bottom line.
About eBet
eBet Limited is a leading Australian gaming systems company that develops and markets a range of networked solutions for electronic gaming machines. It has some 800 customers, with 55,000 gaming machines connected. The company has operations and contractual arrangements in Australia, New Zealand, the Philippines, South Korea, Vietnam, Singapore and an online wagering division in the USA and Canada.
About Marketing Results, Inc. (MRI)
Headquartered in Las Vegas, Nevada, Marketing Results is a full-service marketing and communications agency that specializes in metropolitan casino resorts, Native American owned properties and Midwest riverboat and racino operations. Marketing Results develops and provides software solutions for player development, campaign management and database management. The company is engaged in creative services and all aspects of communications, campaign management and consulting for casinos in North American and Canadian gaming venues.
About Advanced Intelligence Marketing (AIM):
AIM(TM) is a state-of-the-art casino database marketing tool designed specifically to benefit the gaming industry. Using cutting-edge technology to deliver results, AIM empowers casino marketers to offer superior analysis. It is an easy to use, secure and accessible, in-house solution that turns data about player behaviors into meaningful marketing intelligence producing database reports segmented by key characteristics. The AIM campaign management system creates efficiencies and productivity in database marketing. The system contains a player development module that connects marketers to the information about their best players. AIM was developed for casino marketers by casino marketers.
Marketing Results, Inc.

MACAU, August 25 /PRNewswire/ — Whilst Vietnam only collected one silver in Beijing, it stands a very
good chance of taking the top prize next week when the Asian poker Tour
arrives in Macau from the 27th to the 31st August at the glamorous Galaxy
Starworld Hotel and Casino. The Asian poker Tour (APT) is home to Asia’s
largest GUARANTEED prize pool with USD $1,500,000 in total prize money in
Macau. The winner of APT Macau is GUARANTEED at least USD $500,000. Some are
campaigning for poker to become an Olympic sport - such a move would
certainly benefit Vietnam!

For several years Vietnamese based in America and Australia have been
winning big poker tournaments around the world. The record $1.5m has
attracted the best Viet Kieu (overseas Vietnamese) to play in Asia. Leading
the charge is Vietnamese-American J.C Tran. Tran is currently the top-ranked
player IN THE WORLD on the Bluff Magazine/ESPN power rankings. After starting
out by playing in local card rooms, he has total winnings of a staggering USD
$6.7 million to date.

At only 25 years-old, Vietnamese-American Nam Le is already considered by
many to be a major player. Le’s total winnings to date exceed $4.3 million.
Quinn Do is another top player and finished 20th overall at APT Manila. Quinn
Do’s total poker winnings to date are close to USD $2 million. Also in the
Vietnamese contingen is ‘Poker Diva’ Liz Lieu. Liz featured in the
PartyPoker.com Premier League in Europe as one of only two ladies in a USD $1
million event. She is not just a pretty face - she is regarded as someone not
to mess with! Kenny Tran makes up the Vietnamese contingent and he won a WSOP
bracelet in 2008.

The Viet Kieu is taking on the world’s best players in Macau including
the United States’ “Godfather of Poker” Doyle Brunson, who is the author of
the most successful strategy books of all time. Joining him is Johnny Chan.
Chan is famous for his starring role in the 1998 Hollywood movie ‘Rounders’
where he was the inspiration for the characters Matt Damon and Edward Norton
played.

Despite the presence of Vegas legends, the Vietnamese players are backed
to claim the honors at this event.

Chris Parker, CEO of the Asian poker Tour said: “The way the Vietnamese
play poker is really impressive. The heavy amount of skill, patience and
intelligence that poker requires compared to normal gambling and casino
activities really seems to suit the Vietnamese temperament. It is no wonder
that Vietnamese contingent of players are expected to pick up hundreds of
thousands of dollars in Macau.”
“There is a campaign to make poker an Olympic sport. If that were to
succeed Vietnam would be in prime position for glory.”
Many Vietnamese players have learned the game during the time abroad and
now make a good living from the profession. 34 year-old Liz Lieu was born in
Ho Chi Minh City and donates 20% of her tournament winnings to a charity she
set up to help disadvantaged Vietnamese including cancer victims and victims
of flooding.

Organizers have extended an open invitation to Olympic legend Michael
Phelps to play after he expressed interest in poker. Will Vietnam claim gold
this time around?

For more information and players profiles and performances catch all the
action at http://www.asianpt.com

About Asian poker Tour (APT)

The Asian poker Tour (APT) is Asia’s biggest and original poker tour. The
Tour was recently acquired by AsianLogic (AIM:ALOG).

Asian poker Tour

VIENNA, Austria, August 21 /PRNewswire-FirstCall/ —
- EBITDA (Adjusted) of EUR 36.5 million (H1 2007: EUR 34.5 Million)
- Result After tax EUR 4.3 Million (H1 2007: EUR 4.3 Million)

- EURO 2008(TM) Turnover Target Achieved and Successful Start for Newly Designed Gaming Portal
EUR Mio. Q2/2008 Q2/2007 1-6/2008 1-6/2007 2007
Gross gaming revenues 102,7 75,6 207,2 165,1 353,5
Net gaming revenues 88,0 66,3 179,9 147,7 312,6
Operating expenses -98,4 -68,6 -179,2 -135,7 -315,8
EBITDA (clean) 10,6 9,9 36,5 34,5 62,9
EBIT (clean) -2,4 -1,8 14,0 12,0 72,8
Result after tax -6,7 -5,6 4,3 4,3 50,4

In H1 2008 bwin generated gross gaming revenues (sum of gross gaming revenues from betting operations, poker, casino and games) of EUR 207.2 million. This represented an increase of 25.6% compared to the same period the previous year (H1 2007: EUR 165.1 million). The gross gaming revenues generated from the poker, casino and games sectors amounted to EUR 43.7 million (H1 2007: EUR 40.0 million), EUR 33.8 million (H1 2007: EUR 30.7 million) and EUR 9.9 million (H1 2007: EUR 6.8 million) respectively. This represented increases of 9.1% for poker, 10.0% for casino, and 46.0% for games compared to H1 2007.
Net gaming revenues (gross gaming revenues less all deductions such as betting duties, casino taxes and bonuses granted to customers) amounted to EUR 179.9 million in H1 2008.
With respect to both active and new active real-money customers, positive growth of the customer base continued in the first half of 2008 due to the successful use of opportunities for communication during the EURO 2008(TM) coupled with an enlarged product range. The number of active customers rose to 1,431,000 (H1 2007: 1,093,000), equivalent to an increase of 31.0%. The number of new active customers rose by 45.6% compared to the same period the previous year to 550,000 (H1 2007: 378,000).
After adjustment for non-cash expenses (IFRS 2 - share-based remuneration) in the amount of EUR 8.5 million, in H1 2008 EBITDA (earnings before interest, taxes, depreciation and amortization) improved 5.6% compared to the same period the previous year to EUR 36.5 million (H1 2007: EUR 34.5 million).
Operating expenses (adjusted for IFRS 2) rose in H1 2008 to EUR 170.7 million (H1 2007: EUR 131.1 million). This increase of 30.2% compared to the same period the previous year was attributable to investments made during the major event of the European Soccer Championships as well as to higher investment in the latest technologies employed not only in payment (PCI certification, e-money licence), customer and CRM applications, but also especially in the field of security (ISO 27001).
Adjusted operating income (EBIT) totalled EUR 14.0 million in H1 2008 (H1 2007: EUR 12.0 million).
A result of EUR 4.3 million after taxes and third-party interests in H1 2008 compares with EUR 4.3 million in H1 2007.
The complete report on the final results on the first half 2008 can be found online on the bwin investor relations website at , where it can also be downloaded in PDF format.
Press:

Kevin O’Neal, Press officer
bwin Interactive Entertainment AG
Borsegasse 11, 1010 Vienna, Austria
Tel.: 43(0)50-858-24010
E-mail:

Investors:

Konrad Sveceny, Investor Relations
bwin Interactive Entertainment AG
Borsegasse 11, 1010 Vienna, Austria
Tel.: 43(0)50 858-20017
E-mail:
bwin Interactive Entertainment AG

LOS ANGELES, Aug. 19 /PRNewswire/ — iCrete(R), LLC, a company that is revolutionizing the construction industry with its concrete mix design technology system, has delivered some of the world’s most advanced and environmentally friendly concrete mix designs for the construction of Revel casino Resort, Atlantic City’s newest entertainment venue.
(Photo: )
(Logo: )

iCrete is part of a team constructing the new casino resort which includes Revel Entertainment Group, one of the world’s newest gaming and entertainment developers; Atlantic County Concrete, owned and operated by Nancy Armienti, the highest ranking woman in the New Jersey concrete industry; and Tishman Construction, one of the world’s most renowned and active construction management firms.
“Revel Entertainment CEO Kevin DeSanctis and his team are building the world’s greenest casino resort and certainly one of the most beautiful,” said iCrete CEO Juan Carlos Terroba. “iCrete is proud to play a featured role on the resort construction team, part of a broad effort by environmentally-conscious executives pursing LEED certification in the U.S. and abroad.”
“Meeting the LEED certification standards of the U.S. Green Building Council has become a principal objective for the designers and builders of large public projects and infrastructure in New Jersey and across the country,” said Nancy Armienti, president of Atlantic County Concrete, which has selected and poured a variety of iCrete mixes on projects in New Jersey.
Added Armienti: “iCrete’s technology has allowed us to fully optimize the use of resources for the Revel site, reduce the carbon footprint of the construction effort, and help Revel meet its LEED goals. We are pleased to be able to offer in Atlantic City unique concrete mixes like those from iCrete that support the LEED process.”
Revel casino Resort is the largest project yet in New Jersey to pour mixes using iCrete’s technology. Internationally renowned Miami architect Bernardo Fort-Brescia, founder of the award-winning Arquitectonica firm, has designed the striking casino complex, open to the beach and the sea.
Freedom Tower in New York, which is rising 130 miles northeast of Atlantic City on the site of the former World Trade Center in lower Manhattan, was the first major application in the Northeastern United States using iCrete concrete mixes. During the design phase of Freedom Tower, the building’s engineers required concrete used in construction of the project to achieve a record-breaking 14,000 pounds per square inch (PSI) of compressive strength.
Since the first pour at Freedom Tower in October 2007, iCrete mixes have been used at more than 30 construction locations in the Greater New York tri-state area alone and is now being poured by Atlantic County Concrete at the Revel casino Resort site. Revel anticipates that the 20-acre development, which includes a luxury hotel, a world-class casino, a 5,000-seat state-of-the-art theater, and other amenities, will be completed in 2010.
Added iCrete CEO Terroba: “We have now entered into agreements with producers and builders in major international cities to test and evaluate iCrete custom mix designs for some of the most significant and prestigious buildings and infrastructure projects in the world. The Arquitectonica-designed Revel casino Resort is an important and respected milestone in that international expansion.”
About iCrete
iCrete is a state-of-the-art technology company that is revolutionizing the concrete industry with its patented iCrete(R) System. The iCrete System dramatically increases the quality and performance of ready mix and precast concrete, reduces greenhouse gas emissions, and brings significant cost efficiencies across the board. For any concrete producer anywhere in the world, iCrete offers an optimized concrete-mix design technology, as well as an advanced production and quality control system. Visit us at on the Web.

iCrete, LLC

KANSAS CITY, Kan., Aug. 13 /PRNewswire-FirstCall/ — Kansas Speedway and The Cordish Company’s (Kansas Entertainment LLC) proposed 1.5 million square-foot, Hard Rock Hotel & casino will include a 300-room luxury hotel; a state-of-the-art casino with 3,000 slot machines and 140 gaming tables; 275,000 square-feet of destination retail, dining and entertainment including a live music venue; first-class resort amenities; and extensive meeting and convention facilities. With a development cost over $700 million, with no public incentives associated with this project, the Hard Rock Hotel & casino will provide the community with an economic benefit of $4.86 billion over 20 years.
As part of their proposal, Kansas Speedway announced International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (”ISC”) will petition NASCAR for a second NASCAR Sprint Cup Series date for the track if Kansas Speedway and The Cordish Company are awarded the casino management contract for Wyandotte County (Kan.).
In addition, the proposal not only provides significant expansion capabilities but also includes a temporary casino to open within eight months. The temporary casino will operate during construction and will include 2,000 slot machines and 75 gaming tables. It is estimated that the temporary casino will generate in excess of $200 million in annual revenue.
“Kansas Speedway and The Cordish Company have already shown a tremendous commitment to this region, having invested hundreds of millions of dollars in two of the most successful regional destinations in the country - the Kansas Speedway and the Kansas City Power & Light District,” stated David Cordish, chairman of The Cordish Company.
“We could not have realized Kansas Speedway without the unwavering support of state and local leaders. Our combined vision helped create a world-class motorsports facility that continues to provide a significant economic benefit to the community. Kansas Speedway not only attracts hundreds of thousands of fans throughout the year but also serves as a catalyst for new development,” stated ISC President Lesa France Kennedy. “Many positive changes to the community have occurred since our arrival and we believe our Hard Rock Hotel & casino proposal will continue the momentum we started and benefit the taxpayers of Kansas.”
“We’re very excited about the prospect of a second Sprint Cup Series race at Kansas Speedway,” said Kansas Speedway President Jeff Boerger. “A second Sprint Cup race and a Hard Rock Hotel & casino would be a tremendous benefit to not only Wyandotte County, but to the state of Kansas. An additional race weekend and our Hard Rock property would increase tourism in the area and have a significant economic impact on both Wyandotte County and the state.
“Kansas Speedway currently has an economic impact of $243 million to the area. The addition of a second Sprint Cup Series race would add another $111 million to the community,” said Boerger, who was the vice president of the Kansas City Area Development Council prior to joining Kansas Speedway, citing research conducted by the Washington Economics Group, Inc.
The Hard Rock Hotel & Casino, which would be located in Kansas Speedway’s Turn 2 with strong visibility and access to both Interstate 70 and Interstate 435, will bring a distinctive and energetic destination entertainment and gaming experience to Wyandotte County and establish the area as one of the major sports and leisure destinations in the country.
Kansas Speedway tickets are on sale now for 2008-09 packages and can be purchased by calling 866.460.RACE or logging onto .
O’Reilly Auto Parts Qualifying Day tickets for Sept. 26 and Sprint Fan Walk tickets are also available online or by calling 866.460.RACE. Parking is always free at Kansas Speedway.
International Speedway Corporation; Kansas Speedway

KANSAS CITY, Kan., Aug. 13 /PRNewswire-FirstCall/ — Kansas Speedway and The Cordish Company’s (Kansas Entertainment LLC) proposed 1.5 million square-foot, Hard Rock Hotel & casino will include a 300-room luxury hotel; a state-of-the-art casino with 3,000 slot machines and 140 gaming tables; 275,000 square-feet of destination retail, dining and entertainment including a live music venue; first-class resort amenities; and extensive meeting and convention facilities. With a development cost over $700 million, with no public incentives associated with this project, the Hard Rock Hotel & casino will provide the community with an economic benefit of $4.86 billion over 20 years.
As part of their proposal, Kansas Speedway announced International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (”ISC”) will petition NASCAR for a second NASCAR Sprint Cup Series date for the track if Kansas Speedway and The Cordish Company are awarded the casino management contract for Wyandotte County (Kan.).
In addition, the proposal not only provides significant expansion capabilities but also includes a temporary casino to open within eight months. The temporary casino will operate during construction and will include 2,000 slot machines and 75 gaming tables. It is estimated that the temporary casino will generate in excess of $200 million in annual revenue.
“Kansas Speedway and The Cordish Company have already shown a tremendous commitment to this region, having invested hundreds of millions of dollars in two of the most successful regional destinations in the country - the Kansas Speedway and the Kansas City Power & Light District,” stated David Cordish, chairman of The Cordish Company.
“We could not have realized Kansas Speedway without the unwavering support of state and local leaders. Our combined vision helped create a world-class motorsports facility that continues to provide a significant economic benefit to the community. Kansas Speedway not only attracts hundreds of thousands of fans throughout the year but also serves as a catalyst for new development,” stated ISC President Lesa France Kennedy. “Many positive changes to the community have occurred since our arrival and we believe our Hard Rock Hotel & casino proposal will continue the momentum we started and benefit the taxpayers of Kansas.”
“We’re very excited about the prospect of a second Sprint Cup Series race at Kansas Speedway,” said Kansas Speedway President Jeff Boerger. “A second Sprint Cup race and a Hard Rock Hotel & casino would be a tremendous benefit to not only Wyandotte County, but to the state of Kansas. An additional race weekend and our Hard Rock property would increase tourism in the area and have a significant economic impact on both Wyandotte County and the state.
“Kansas Speedway currently has an economic impact of $243 million to the area. The addition of a second Sprint Cup Series race would add another $111 million to the community,” said Boerger, who was the vice president of the Kansas City Area Development Council prior to joining Kansas Speedway, citing research conducted by the Washington Economics Group, Inc.
The Hard Rock Hotel & Casino, which would be located in Kansas Speedway’s Turn 2 with strong visibility and access to both Interstate 70 and Interstate 435, will bring a distinctive and energetic destination entertainment and gaming experience to Wyandotte County and establish the area as one of the major sports and leisure destinations in the country.
Kansas Speedway tickets are on sale now for 2008-09 packages and can be purchased by calling 866.460.RACE or logging onto .
O’Reilly Auto Parts Qualifying Day tickets for Sept. 26 and Sprint Fan Walk tickets are also available online or by calling 866.460.RACE. Parking is always free at Kansas Speedway.
International Speedway Corporation; Kansas Speedway

LONDON, August 8 /PRNewswire/ —

- For Non-US media only

Leading online gaming site Betway.com is offering affiliates the chance
to beat the bookie AND take away a top prize with the monthly Betslip
Competition.

Betway.com, which offers casino games, poker and sportsbook wagers, has
thrown down the gauntlet for affiliates everywhere to test themselves in the
free monthly betting game where winners can claim prizes including an iPod
Touch and Nintendo Wii - or the cash to buy what they want!

Betway.biz, the affiliate program at Betway.com, is running the monthly
Betslip competition now and even new affiliates can walk away with a top
prize - if they have skill and luck on their side.

“By registering at Betway.biz or Gnuf.biz, affiliates will have the
opportunity to experience the thrill and excitement of our monthly Betslip
competition,” said Henrik Granlund at Betway.com. “It’s 100% free with no
strings attached and you have a great chance of winning - even if you’re a
new affiliate, your chances of finishing on top are the same as our most
established affiliates. Betslip is all about showing your betting skills -
with a little bit of luck thrown in - of course.”
Betway.com together with its sister site Gnuf.com is also offering Casino
Affiliate Program members a US$1,000 free-roll every month to celebrate the
launch of its new affiliate poker tournament.

Betway.com is powered by Microgaming.com, the industry leader in gaming
solutions. Betway.com’s affiliate team has dedicated offices in eight
European countries and has an in-house marketing team that can design
campaigns specifically for its affiliates, as well as providing player
tracking, analysis and 24/7 technical support.

Betway.com will also be exhibiting at the CAP European Conference in
Barcelona, Spain, on 25th -28th September 2008.

About Betway.com

Betway.com is powered by industry leaders Microgaming and its renowned
sportsbook covers local and worldwide sporting events. Betway.com’s 4 in 1
program (Sportsbook, Casino, poker & Games), has a proven conversion rate
with no negative carry over, and offers unbeatable deposits bonuses and
unique promotions. Affiliates of Betway.com receive easy-to-read reports to
track player activity and allow you to analyse the effectiveness of your
marketing campaigns. You also get personal service from your own dedicated
account manager, who will provide you with all the stats you’ll need. The
affiliate team can assist in localised campaigns in eight European countries
with the help of our local country managers based in 8 countries. We can also
assist in Pan-European campaigns that are centrally controlled. If you need
special banners for unique campaigns, Betway.com can provide its in-house
graphic team.

http://www.betway.com

Issued by:

Sarah Jones, GameOn Marketing
e: sarah@gameon-marketing.com

For Further Information:

Henrik Granlund, Gnuf
e: henrik.granlund@snowmen.se

Betway.com

AURORA, ON, July 30 /PRNewswire-FirstCall/ — Magna Entertainment Corp. (”MEC” or the “Company”) (NASDAQ: MECAD; TSX: MEC.A) today announced that it has extended the maturity date of its $40.0 million senior secured revolving credit facility with a Canadian chartered bank to August 15, 2008.
MEC, North America’s largest owner and operator of horse racetracks, based on revenue, develops, owns and operates horse racetracks and related pari-mutuel wagering operations, including off-track betting facilities. MEC also develops, owns and operates casinos in conjunction with its racetracks where permitted by law. MEC owns and operates AmTote International, Inc., a provider of totalisator services to the pari-mutuel industry, XpressBet(R), a national Internet and telephone account wagering system, as well as MagnaBet(TM) internationally. Pursuant to joint ventures, MEC has a fifty percent interest in HorseRacing TV(R), a 24-hour horse racing television network, and TrackNet Media Group LLC, a content management company formed for distribution of the full breadth of MEC’s horse racing content.
This press release contains “forward-looking statements” within the meaning of applicable securities legislation, including Section 27A of the United States Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”) and forward-looking information as defined in the Securities Act (Ontario) (collectively referred to as forward-looking statements). These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Act (Ontario) and include, among others, statements regarding the anticipated maturity date of our senior secured revolving credit facility and other matters that are not historical facts.
Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or the times at or by which such performance or results will be achieved. Undue reliance should not be placed on such statements. Forward-looking statements are based on information available at the time and/or management’s good faith assumptions and analyses made in light of our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances and are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control, that could cause actual events or results to differ materially from such forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements include, but may not be limited to, material adverse changes in: general economic conditions; the popularity of racing and other gaming activities as recreational activities; the regulatory environment affecting the horse racing and gaming industries; our ability to obtain or maintain government and other regulatory approvals necessary or desirable to proceed with proposed real estate developments; increased regulation affecting certain of our non-racetrack operations, such as broadcasting ventures; and our ability to develop, execute or finance our strategies and plans within expected timelines or budgets. In drawing conclusions set out in our forward-looking statements above, we have assumed, among other things, that we will continue with our efforts to implement our September 12, 2007 adopted plan to eliminate the Company’s debt (though not on the originally contemplated time schedule) and comply with the terms of and/or obtain waivers or other concessions from our lenders and refinance or repay on maturity our existing financing arrangements (including our short-term bridge loan facility of up to $110.0 million with a subsidiary of our controlling shareholder, MI Developments Inc., and the senior secured revolving credit facility with a Canadian chartered bank), and there will not be any material adverse changes in: general economic conditions; the popularity of horse racing and other gaming activities; weather and other environmental conditions at our facilities; the regulatory environment; and our ability to develop, execute or finance our strategies and plans as anticipated.
Forward-looking statements speak only as of the date the statements were made. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking statements. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect thereto or with respect to other forward-looking statements.
Magna Entertainment Corp.