World Wide Web Casinos Inc

World Wide Web Casinos Inc. said Monday that it has acquired Camelot Gaming Inc., an Internet gaming concern based in Las Vegas, through an exchange of stock. Camelot has signed up 5,000 to 7,000 players per month, which will double the database of players for World Wide Web, the Santa Ana company said.

State and federal investigators on Wednesday raided a Garden Grove online-gambling company suspected of cheating hundreds of investors out of as much as $20 million. The Orange County raid was part of a broader crackdown by state authorities on dozens of suspected "boiler room" operations in Southern California that prey on unsophisticated investors by persuading them to pour money into dubious Internet enterprises.

World Wide Web Casinos Inc., an Internet casino gaming company, and USA Growth Inc. said Monday that they have agreed to merge into a new corporation called Newcom. Shareholders of Santa Ana-based World Wide Web Casinos would emerge with a 94% stake in the new company's equity, while USA Growth, a New York-based venture capital firm, would own the remaining 6%. The agreement, which initially was announced in March, is subject to the approval of each company's shareholders and other conditions.

State and federal investigators on Wednesday raided an online gambling company in Garden Grove suspected of cheating hundreds of investors out of as much as $20 million. The Orange County raid is part of a broader crackdown by state authorities on dozens of suspected "boiler room" operations in Southern California that allegedly prey on unsophisticated investors by persuading them to pour money into dubious Internet enterprises.

World Wide Web Casinos Inc., which plans to launch an online gambling casino on the Internet, said it has agreed to merge with New York-based USA Growth Inc. Terms of the deal were not disclosed, but World Wide Web Casinos officials said that the purpose of the merger was to assume USA Growth's position as a public company with a stock listed over the counter. After the merger, executives said, the combined company will be called World Wide Web Casinos and the trading symbol will be changed.

World Wide Web Casinos Inc. is suing Wisconsin Gov. Tommy Thompson and Atty. Gen. James Doyle for refusing to let an online gaming business open in a Milwaukee suburb. The lawsuit, filed this week in federal court in Milwaukee, contends that Doyle's office told the firm in March that setting up an Internet gambling business that would serve overseas gamblers was illegal under state law. The company claims, however, that Wisconsin's gambling laws do not apply to its proposed Internet operation.

State and federal investigators on Wednesday raided an online gambling company in Garden Grove suspected of cheating hundreds of investors out of as much as $20 million. The Orange County raid is part of a broader crackdown by state authorities on dozens of suspected "boiler room" operations in Southern California that allegedly prey on unsophisticated investors by persuading them to pour money into dubious Internet enterprises.

State and federal investigators on Wednesday raided a Garden Grove online-gambling company suspected of cheating hundreds of investors out of as much as $20 million. The Orange County raid was part of a broader crackdown by state authorities on dozens of suspected "boiler room" operations in Southern California that prey on unsophisticated investors by persuading them to pour money into dubious Internet enterprises.

Amid the din of a Las Vegas casino, with gamblers muttering to themselves and coins clanging into metal trays, you wander up to a slot machine, slip in a couple coins and give the handle a good crank. But in this casino the noise is digitally recorded, the coins are minted in a software shop, and the handle is actually the mouse of your home PC. Gambling over the Internet has so far generated a lot more software than hard cash.

Amid the din of a Las Vegas casino, with gamblers muttering to themselves and coins clanging into metal trays, you wander up to a slot machine, slip in a couple of coins and give the handle a good pull. But in this casino the noise is digitally recorded, the coins are minted in a software shop and the handle is actually the mouse of your home PC. Gambling over the Internet has so far generated a lot more software than hard cash.

Citing financial loss and strict gaming legislation, Internet gambling firm World Wide Web Casinos of Santa Ana has sold its site to a South African business for $2 million and an undisclosed cut of the house earnings. The site, which will be run on machines outside the United States, will launch live gambling Feb. 14, according to staff. World Wide Web plans to go public later this year and raise money to develop new online non-gambling games.

A company operating a gambling site on the Internet is among those named in three lawsuits filed Monday by Wisconsin's attorney general. Accepting bets via the Internet is illegal in Wisconsin, Atty. Gen. James Doyle said. Several gambling operators are trying to use the Internet to skirt state and federal laws, he said. Doyle said Internet gambling could make all home computers mini-casinos, and the easy accessibility could lead to more gambling by children and gambling addicts.

World Wide Web Casinos Inc., an Internet casino gaming company, and USA Growth Inc. said Monday that they have agreed to merge into a new corporation called Newcom. Shareholders of Santa Ana-based World Wide Web Casinos would emerge with a 94% stake in the new company's equity, while USA Growth, a New York-based venture capital firm, would own the remaining 6%. The agreement, which initially was announced in March, is subject to the approval of each company's shareholders and other conditions.

World Wide Web Casinos Inc. is suing Wisconsin Gov. Tommy Thompson and Atty. Gen. James Doyle for refusing to let an online gaming business open in a Milwaukee suburb. The lawsuit, filed this week in federal court in Milwaukee, contends that Doyle's office told the firm in March that setting up an Internet gambling business that would serve overseas gamblers was illegal under state law. The company claims, however, that Wisconsin's gambling laws do not apply to its proposed Internet operation.

World Wide Web Casinos Inc. said Monday that it has acquired Camelot Gaming Inc., an Internet gaming concern based in Las Vegas, through an exchange of stock. Camelot has signed up 5,000 to 7,000 players per month, which will double the database of players for World Wide Web, the Santa Ana company said.

World Wide Web Casinos Inc., which plans to launch an online gambling casino on the Internet, said it has agreed to merge with New York-based USA Growth Inc. Terms of the deal were not disclosed, but World Wide Web Casinos officials said that the purpose of the merger was to assume USA Growth's position as a public company with a stock listed over the counter. After the merger, executives said, the combined company will be called World Wide Web Casinos and the trading symbol will be changed.

Citing financial loss and strict gaming legislation, Internet gambling firm World Wide Web Casinos of Santa Ana has sold its site to a South African business for $2 million and an undisclosed cut of the house earnings. The site, which will be run on machines outside the United States, will launch live gambling Feb. 14, according to staff. World Wide Web plans to go public later this year and raise money to develop new online non-gambling games.

A company operating a gambling site on the Internet is among those named in three lawsuits filed Monday by Wisconsin's attorney general. Accepting bets via the Internet is illegal in Wisconsin, Atty. Gen. James Doyle said. Several gambling operators are trying to use the Internet to skirt state and federal laws, he said. Doyle said Internet gambling could make all home computers mini-casinos, and the easy accessibility could lead to more gambling by children and gambling addicts.

Amid the din of a Las Vegas casino, with gamblers muttering to themselves and coins clanging into metal trays, you wander up to a slot machine, slip in a couple of coins and give the handle a good pull. But in this casino the noise is digitally recorded, the coins are minted in a software shop and the handle is actually the mouse of your home PC. Gambling over the Internet has so far generated a lot more software than hard cash.

Amid the din of a Las Vegas casino, with gamblers muttering to themselves and coins clanging into metal trays, you wander up to a slot machine, slip in a couple coins and give the handle a good crank. But in this casino the noise is digitally recorded, the coins are minted in a software shop, and the handle is actually the mouse of your home PC. Gambling over the Internet has so far generated a lot more software than hard cash.