iGaming Corporation

iGaming Corporation

December 19, 2006 10:27 ET

iGaming Corporation Completes Purchase of RotoPlay Assets

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 19, 2006) - iGaming Corporation ("iGaming" or the "Corporation") (TSX VENTURE:IGA) is pleased to announce today that its wholly-owned subsidiary, IGC Entertainment Corporation ("IGCEC"), has completed the purchase of all of the assets related to the fantasy sports website www.rotoplay.com from RotoPlay, Inc., a Pennsylvania-based corporation specializing in the online fantasy sports industry. The effective date of the closing is December 11, 2006.

The purchase of the RotoPlay assets which offer a wide variety of unique and innovative fantasy sports contests based on football, baseball, basketball, golf, and auto racing, provides iGaming with significant exposure to the increasingly popular fantasy sports industry.

"The RotoPlay purchase represents an opportunity to broaden our product offerings to our core group of sports enthusiast customers. With a very significant database of such consumers, we are well-positioned to facilitate exciting growth for the RotoPlay asset. RotoPlay offers shorter-term and tailor-made fantasy sports contests that have demonstrated market acceptance. The challenge now is to use our existing resources to increase the RotoPlay market share.", stated Christopher Kape, iGaming's President and CEO.

The fantasy sports industry, which is growing at a rate of 7-10% annually, has approximately 15 to 18 million participants and generates more than $1.5 billion per year in North America (as reported by the Fantasy Sports Industry Association in March, 2006). It was also specifically excluded from the recently-passed Unlawful Internet Gaming Enforcement Act.

Korey Gardner, one of the founders of RotoPlay, has been engaged as a consultant of IGCEC to assist with the integration and continued operation of RotoPlay as iGaming seeks to become a significant player in the fantasy sports area. "The addition of a fantasy sports product will compliment iGaming's existing portfolio of assets and I am very confident that we can deliver impressive results", stated Mr. Gardner.

The aggregate purchase price of this transaction is a maximum of US$300,000, of which a portion was paid upon closing and the remainder is subject to the purchased assets attaining pre-determined revenue targets for the Corporation's fiscal quarters which end between February, 2007 and November, 2007.

"Our plan is to market fantasy sports to iGaming's customers and contemporaneously introduce RotoPlay's customers to iGaming's portfolio of sports-related properties. Pursuant to such strategy we believe that we can realize the benefits of increasing revenues while reducing overhead through existing synergies", concluded Mr. Kape.

As of the date hereof, iGaming has 56,349,533 issued and outstanding common shares.

The closing of this transaction is subject to TSX Venture Exchange approval.

About iGaming Corporation

iGaming owns and operates assets that provide fact-based and opinion-oriented information relevant to the sports gaming industry. These assets include websites, client-server software, publications and call centers. Although not a gaming operator directly (as it does not operate a gaming facility or accept wagers directly or indirectly from consumers), iGaming is heavily vested in the gaming space as a provider of services and customer leads to various gaming operators.

The Company generates revenues in a number of ways, including various direct to consumer services and direct to gaming operator sales through its portfolio of websites which includes www.JimFeist.com, www.PicksOnline.com, www.Vegasonlinesports.com, www.OffshoreConnection.com, www.FurturesandProps.com and www.ScoresLinesPicks.com. In addition, iGaming operates Linetracker a state of the art, real-time sports information system for the more serious bettors and handicappers.

iGaming's common shares commenced trading on the TSX Venture Exchange on September 14, 2006 under the symbol IGA.


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