Las Vegas From Entertainment Inc.

Las Vegas From Entertainment Inc.

April 03, 2012 06:00 ET

LVFH Launches Sportsbook on Facebook

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2012) - Las Vegas From Entertainment Inc. (the "Company" or "LVFH") (TSX VENTURE:LVH)(PINKSHEETS:LVFHF)(BERLIN:LVH)(FRANKFURT:LVH) - Further to the Company's News Release dated March 15, 2012, the Company is pleased to announce the launch of its unique social wagering product ("Product") on Facebook under the Real Vegas Casino brand. The Product is an innovative mix of sports wagering and social gaming mechanics that will appeal to sports fans around the world. Real Vegas Casino and the Product can be found at

The newly launched Product simulates a real world sportsbook by using Las Vegas style real-time wagering odds while allowing players to wager on sporting events with virtual currency. Players can select from a wide range of sports including NBA, NHL, NFL, MLB, MLS, major college sports and European soccer. In addition, the Product provides a full set of social features, allowing players to share bets with friends and/or compete against each other. The Product will continue to be expanded with many innovative social gaming features over the coming weeks to enhance player experience while driving more traffic to Real Vegas Casino.

Real Vegas Casino is an innovative social casino product that provides players with a wide range of social features combined with a comprehensive selection of high quality casino games. Players can try out the games for free and purchase virtual currency in the form of Facebook Credits to extend and enhance their game play enjoyment. Since all payouts are in virtual currency and cannot be redeemed for cash, this business model is legal in most countries including the USA.

The Product is part of the Company's overall strategy to provide a complete suite of wagering games on all major social networks and mobile platforms via the Real Vegas Casino brand. Real Vegas Casino features a stunning 1080p High Definition user interface, an emphasis on social multiplayer game play and a full slate of interactive casino and sports wagering games.

Online sports wagering is a thriving activity on the Internet, but it is still a relatively untapped segment in the social gaming industry. A report published by Global Betting and Gaming Consultants reveals that the online gaming industry is worth $29.3 billion in 2010 with sports betting accounted for 41% of that total.

President and CEO Jake Kalpakian states: "We are very encouraged with the initial results of our social casino application and believe the launch of our sportsbook product will allow the Company to become a dominant player in the social sports wagering market. Our innovative play-for-fun sports wagering product allows users from all over the world to legally participate in this very popular pastime but still very much in its infancy in terms of social gaming. Our early mover advantage in this specific space should allow us to grow both our brand and player database which we can hopefully leverage into other opportunities."

On behalf of the Board of Las Vegas From Entertainment Inc.

Jake H. Kalpakian, President

Trading in the securities of the Company should be considered speculative.

Statements in this press release which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

The TSX Venture Exchange has in no way passed upon the merits of the contents of this press release herein and has neither approved or disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Las Vegas From Entertainment Inc.
    Jake H. Kalpakian
    (604) 681-0204 ext 6105