Betting Inc. Signs It's First PERFECT Gaming Merchant

20 November 1998

It's official. The first Internet casino to receive PayMaster credit card payments, a service by Betting Inc. (OTC BB:BETT), will be Goldmine Casino.

Pay Masters terminals are currently being freely distributed to locations where people wait, such as car washes, hair salons and hotel lobbies. Consumers can now use the Pay Master to legally open their gaming account with a self-service electronic credit card payment to Goldmine Casino.

The transactions are defined by Betting Inc. as PERFECT gaming transactions, whereby the consumer is "Personally Sending Eencrypted Remote Financial Electronic Card Transactions" to the gaming operator by way of a card-reader terminal.

Goldmine Casino, located at, will feature live roulette and other casino games over the Internet. The Betting Inc. service will provide national exposure for the Net casino and a safe method for its customers to use their credit cards to open an account.

Betting Inc. will charge the players $10 to open a $50 account and $5 to replenish a $50 account. Goldmine Casino will promptly receive the full amount sent by the player.

Betting Inc. will charge online gaming companies a small one-time setup fee that will enable them to receive self-service impulse PERFECT transactions from public Pay Master locations.