|By Business Wire||
|May 8, 2014 06:00 AM EDT||
Las Vegas From Home.com Entertainment Inc. (the “Company” or “LVFH”) (TSX-V: LVH) (US OTC Pink Sheets: LVFHF) (Berlin: LVH) (Frankfurt: LVH). Mr. Jake H. Kalpakian, President & CEO, is pleased to provide a corporate update of the Company’s activities.
The Company has continued to enhance its Bingocrush.com website in Mexico. Since its soft launch, the Company has fine-tuned its game offerings and has added more payment options. The Company expects to fully launch the website for real money in Q2, with the Company’s player database of approximately 38,000 Mexican accounts.
Furthermore, the Company is in negotiations with a prominent international gaming group whereby the Company and the group are exploring the opportunity to partner or joint venture its operations in Mexico. The contemplated partnership would position LVFH to become a dominant software provider and legal operator in the lucrative Latin American gaming market.
The Company’s new HTML5 mobile gaming platform continues to be the primary focus of the Company’s software development. Designed with a “mobile first” philosophy, this new platform delivers exceptional cross-platform experience, allowing users to play a comprehensive selection of poker and casino games in web browsers on the vast majority of mobile devices, such as iPhone, iPad, Android-based smartphones and tablets, without the need of downloading and installing the game.
In addition to imminently launching the HTML5 software on a major cruise ship line, the Company is also currently in ongoing negotiations to license its HTML5 software to a number of hotels and other gaming software providers/operators.
The Company has been exploring several other business opportunities and transactions, including spinning out to the shareholders in the form of a share dividend in a new company based on a non-gaming technology the Company has developed internally. The Directors of the Company are reviewing all options to create the most tax friendly structure for the Company’s shareholders. Further information shall be provided shortly.
Since 1999, LVFH has been a reputable provider of innovative gaming software spanning Poker, Casino, and other popular multiplayer games. The Company’s successful and lengthy track record in gaming software development, financial accountability and cardroom operations has made LVFH one of the leading software developers in the industry.
|For more information on the Company:|
|Jake H. Kalpakian,|
|President & CEO, LVFH|
|(604) 681-0204 ext. 6105|
|The Howard Group|
|Transcend Resource Group|
|Office: (604) 681-0037|
|Mobile: (604) 805-2126|
Statements in this news release which are not historical facts are “forward-looking statements” that involve risks and uncertainties. The reader is cautioned not to place undue reliance on forward-looking statements.
Trading in the securities of the Company should be considered speculative.
The TSX Venture Exchange has neither approved nor 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 news release.
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