Online Gambling Offers Deficit Solution

–(Business Wire)– June 29, 2004 —

Atlantis Internet Group Corp. (ATIG – News), a leader in Internet Gaming software, announced today that it would donate a one-year license to use its online casino management software to any state in the United States that passes an Internet Gaming bill permitting online casino gaming within that state.

The proposal was announced yesterday by the President and CEO of Atlantis Internet Group Corp. (ATIG), Donald L. Bailey. Such legislation could be designed, potentially, to allow any state that is home to casino owners holding a current U.S. gaming license, to offer Internet Gaming from that state to international customers only.

States that pass the legislation could then generate revenue from the untapped offshore Internet gaming industry (with a market size of approximately $6 Billion), while creating virtually no negative impact to residents within the United States or breaking any current state or federal laws. With almost every one of the 50 states within the United States facing their largest deficit since the great depression, this is a challenge to state and federal lawmakers to come up with real solutions to help solve the deficit problems of states across the country. ATIG has offered to donate a license to use its online casino management software, free of charge, for one (1) year to any state that passes an Internet Gaming bill. Casinos may pay anywhere from approximately $250,000 to $500,000 per year for a comparable license, and if a state charged only 10-15% of the gross wins of the Internet casino operations they could generate potentially more than $600 million dollars a year. For the first year following adoption of the proposed legislation, ATIG will make its software available to the applicable states without charge.

“This is a viable solution to many problems,” said ATIG President & CEO Donald L. Bailey. “Suddenly, states could ease their cash deficits without: 1) raising taxes on residents; 2) requiring a license holder to already be licensed within the United States; 3) eliminating certain criminal elements; and 4) creating no negative impact on state residents since, under this concept, casinos could only accept monetary wagers from international customers.” Mr. Bailey added, “Our software has the capability of filtering out wagers placed from within the United States or other unauthorized locations, so monitoring the activities of online casinos is now easier than ever.”