FUEG is our Ace-of-Spades ‘Online Gaming’ Alert for Tuesday! Read Immediately…
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[1]StockRockandRoll.com NEWSLETTER FUEG is our Ace-of-Spades `Online Gaming` Alert for Tuesday! Read Immediately…
Symbol:[2]FUEG Current PPS: $0.29 <— Opportunistic Entry Point! Outstanding Shares: 59M Float: 23.18M <— Extremely Thin! The U.S. Justice Department recently clarified its interpretation of the Interstate Wire Act of 1961, ruling that intra-state Internet gambling, aside from sports betting, does NOT violate federal law…
Poker start-ups and plenty of casinos applauded the decision, as well as investors looking to jump at the opportunity to get a piece of online poker businesswhich was made illegal in the United States after the Unlawful Internet Gambling Enforcement Act was passed in 2006 and is finally back up and running! Already, major casinos are gearing up to transition their efforts online…
MGM Resorts International is joining forces with Bwin.Party, Europe`s largest online poker site, which owns PartyPokerthe second-biggest online poker service in the worldand the World Poker Tour! MGM chief executive, Jim Murren, recently told CNBC that “It will be a multi-billion-dollar businessIt will be hundreds of millions of dollars of revenue to us as a company, billions to the industry, and it will happen…” Even Donald Trump is getting in on the action! The associated press reported that Trump Entertainment Resorts are “moving forward with plans to establish an online betting venture…” 2013 should be an Incredible Year for all those vested in the Online Gaming Business; and for that reason, we Kick Off another Action-Packed Week starting with FUEG! Face Up Entertainment Group Inc. (FUEG) is a 2009 founded, Valley Stream, New York based company who focuses on the creation of a vast global gaming network consisting of world-reknown games through a legal-non wagering reality gaming social network website.
FUEG will actively participate in the [3]$30 billion Online Gaming Industry with the development of their unique gaming platform. FUEG is providing the gaming enthusiast with a non-wagering internet gaming website that provides users with the ability to see and speak to his/her opponent, during the game session, through streaming audio, video, and messaging capabilities. Through these capabilities, FUEG is providing its subscribers with the ability to bring the casino home with them and be able to interact as if they were physically playing with their opponent in the casino.
As FUEG is currently the only online gaming website to offer live interaction amongst players, FUEG successfully celebrated the recent completion of [4]FUEGs third league season where FUEG members played for the opportunity to win $50,000 in cash and prizes. FUEGs specific structure and game format paired with FUEGs video technologies are creating an unprecedented opportunity to players in bringing their gaming skills online without eliminating the social aspects. As a result, FUEG has already kicked off their fourth season with $150,000 in cash and prizes monthly; and is working to make further additions to FUEGs platform with global gaming staples such as Poker, Backgammon, Checkers, Chess and many more. In addition to FUEGs popular Reality Texas Holdem Poker, FUEGs further gaming additions currently include the internal testing of various new poker games such as [5]Pot Limit Omaha Poker which is the worlds second most common played form of poker. Additionally, FUEG has also begun internal testing to introduce a [6]Super Turbo Poker Game to FUEGs members.
FUEGs most recent news provides the announcement of a 5 million Euro (over $6 million USD) Irrevocable Standby Letter of Credit from an AA S&P rated institutional trust. With this in mind, it is FUEGs full intentions to add further gaming value to its platform and provide the online community with the games they love.
Website(s):
[7]www.faceupgroup.com [8]www.faceupgaming.com Industy analysts are forecasting the Online Gaminig Industry to be [9]worth a staggering $40B by 2014…
FUEG offers its members a dynamic website that is content driven and user friendly with a considerable amount of exclusive audio and video social networking features! FUEGs Online Gaming Network puts the face back into poker and brings back the way the game is supposed to be played…
FUEG is committed to responsible game-play by NOT being a straight-up gambling site; however still provides excitement by offering $150,000 in cash and prizes every month! FUEG has finally released software version 3.0. This version improves gaming stability for users with older spec machines and weaker internet connections.
Version 3.0 also includes the introduction of a new tournament stat system integrated directly onto the tables for quick reference. This release also sets the basis for version 3.1, coming shortly, which will enhance audio streaming quality, ability to chat while in full screen and further enhance security…
Why else does SR&R like FUEG FUEG`s technical indicators are looking very positive at the moment…
The Expert Analyst`s at [10]Barchart.com agree; having recently upgraded FUEG`s rating to `Strong Buy`! [11] The best part is that FUEG experienced a healthy pull back Today; dipping below $0.30 per share…
You`ll realize how good this opportunity is when you look at FUEG`s 1-year Chart below! Combine FUEG`s bargain-price of $0.29 with its low-float of 23.18M and we may just have the Biggest Steal in the entire OTC Market on Tuesday…
FUEG looks READY to ROCK!! Face Up Entertainment Group, Inc. Has Received Multi-Million Dollar Irrevocable Standby Letter of Credit 8:45a ET December 10, 2012 (GlobeNewswire) Face Up Entertainment Group, Inc. (OTCBB:FUEG), a Reality Gaming Social Network company, today announced that it has received a Five Million Euro Irrevocable Standby Letter of Credit from U.S. Capital Funding II Series Trust I. U.S.
Capital Funding II Series Trust I, is an institutional Trust with over $600 million in assets and is AA rated by S&P.
Under the terms of the SBLC which was issued to the company on November 26, 2012 and received physically this morning, the Company may issue invoices and Notes, which if not paid by the Company as agreed, will be paid by U.S. Capital Funding.
“This financing facility is a major advance for the Company and should allow us greater flexibility with our immediate financing needs. The facility represents over six million dollars when converted, and should allow us to better negotiate and close on debt financings and other credit facilities we may need. As we grow the Company and get ready for a full launch of our first product offering, non-wagering poker, we also continue to navigate the capital markets. The proper financing of our anticipated growth is always at the forefront of our thoughts and actions. Until we raise capital through the sale of securities, having this multimillion dollar financing facility at our disposal, is a major achievement and extremely comforting,” stated Felix Elinson, the company`s CEO.
The Company`s game proprietary platform (www.FaceUpGaming.com) is being used in creating a vast global gaming network consisting of games from every region of the globe, supporting native languages as well as cross language functionality.
Logical additions to the platform include global staples in gaming such as Backgammon, Poker, Chess and Checkers and many others. Face Up Gaming is a legal non-wagering online gaming platform (www.FaceUpGaming.com).
Face Up Entertainment Group, Inc is committed to responsible game-play and is not a gambling site. “Our goal is to maintain the thrill of online games while keeping it safe for everyone. “Our social networking functionality provides the user base with the ability to grow their circle of friends beyond those they physically reach day to day. Our users sit down to play a game and more often than not leave making a connection with a stranger which is then maintained via our social network functionalities,” stated Mr. Elinson.
SOURCE: Face Up Entertainment Group, Inc.
CONTACT: ir@gamefacegaming.com Tel: 516 303 8100 ——————————————————————————– ————- [12] ——————————————————————————– ————————— Follow SR&R on:
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——————————————————————————– —————————- StockRockandRoll 2012 HH References 1. http://www.StockRockandRoll.com/
2. http://www.otcmarkets.com/stock/FUEG/company-info 3.
http://emailwire.com/release/92816-Casino-Games-Played-Online-are-Estimated-to-be-a-30-Billion-Industry.html 4.
http://finance.yahoo.com/news/face-entertainment-group-inc-completes-150624265.html 5.
http://finance.yahoo.com/news/face-entertainment-group-inc-begins-150009565.html 6.
http://finance.yahoo.com/news/face-entertainment-group-inc-introduce-123000041.html 7. http://www.faceupgroup.com/
8. http://www.faceupgaming.com/
9.
http://www.casinogamblingweb.com/gambling-news/online-casino/online_gambling_industry_continues_to_grow_up_to_29_3_billion_56513.html 10. http://barchart.com/quotes/stocks/FUEG 11. http://barchart.com/quotes/stocks/FUEG 12. http://www.stockrockandroll.com/welcome/
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