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Online Poker News Archives - November 15, 2004

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Copyright 2004 PrimeZone Media Network, Inc.
PrimeZone Media Network

November 15, 2004 Monday 4:14 AM EST

HEADLINE: Players Excel at Monte Carlo Millions Tournament


   Two online players from won entry into the Monte Carlo Millions Poker Tournament courtesy of and performed excellently against some of the world's top poker players. is powered by Midas Entertainment, Inc. a publicly traded online poker software company (Pink Sheets:MDAS).

   Top world players attending the event included Chris "Jesus" Ferguson, Phil Ivey, Howard Lederer, Scotty Nguyen, Mel Judah, Phil "Unabomber" Laak, the Hendon Mob, and many more. The players finished a solid 38th and 32nd in the first leg of the tournament and performed even better in the second leg where they finished 18th and 14th, respectively. Both players received an exciting, all-expense-paid trip to Monte Carlo as part of the promotion.

   "Our players are top notch and they have proven they can play with and excel against some of the very best players in the game," remarked Midas President George Gutierrez. "Poker is a battle of wits, and experience plays a key role in setting a good player apart from the very best. However, we have seen that the top quality online player is every bit as good as the top live players and that egalitarian opportunity is what has fueled much of the meteoric growth experience in online poker. We will continue to provide our players with exciting online promotions and ways to even more greatly enjoy their time with us online."

   The Industry

   A Bear Stearns report for the industry pegged annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly rosier picture pointing to an estimated $4.5 billion in revenue for calendar year 2002, saying
2005 revenue could exceed $10 billion. Recent estimates from note that over $140 million is wagered at online poker sites during any given 24-hour period.

   The Company

   Midas' wholly owned subsidiary, Creative Millenium Ventures, provides gaming software to online poker sites including,, and

   This news release contains forward-looking statements regarding Midas'
business strategies and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the Internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and Midas disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Midas' expectations or future events. The representations of net handle and gross net win in this press release are presented as measures of performance for the company that are different from those presented in the income statement in accordance with Regulation G promulgated by the Securities and Exchange Commission and are not to be considered as revenue or a GAAP related financial disclosure criteria.

 Midas Entertainment, Inc.
 Gabriella Jarquin
 (800) 765-3781

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