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NEWS!

posted on Feb 09, 07 01:01PM

Source: Pegasus Gaming Corp.

Pegasus Gaming Adds Live Gaming
Friday February 9, 5:35 pm ET

PHOENIX, Feb. 9, 2007 (PRIME NEWSWIRE) -- Pegasus Gaming Corp. (Other OTC:PGGG.PK - News) (http://www.PegasusGaming.com ), a European Facing Turn Key I-gaming platform solution and e-commerce services provider, is pleased to announce the company has begun exploring the possibility of deploying Live-Dealer video technology for its casino game suite.

Traditionally, online casino game suites have been relying on RGN (Random Generating Numbers), numbers generated by the game server, for every card being displayed. This has led to some discussions from the players' perspective on the fairness of the RGN being used by each online gaming operator. With this in mind, Pegasus has begun exploring the possibility of launching a Live-Dealer video streaming technology whereby players can now play against a Live Dealer via video streaming to their computer monitors. Players can now see the physical cards being shuffled on the gaming table as well as being dealt from the card holder, as if they are playing at a physical casino. Due to the size of the video screen on the players' monitors, and to ensure the players can see the cards adequately, a bigger size deck of cards (6X12 inches) will also be used. After extensive research, the company found that the most popular game being played in the casinos in Europe is Baccarat. With that in mind, Pegasus will focus on deploying Baccarat initially to be followed by other popular games such as Black Jack, Roulette etc.

``The addition of this new Live Dealer Video Technology will set us apart from the other gaming solution providers in the region. We believe our licensees will enjoy this new product as it will help them create a new source of revenue,'' stated Pegasus Gaming President and CEO, David Cheng.

The above statements in regard to Pegasus, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Pegasus Gaming Corp.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.

Contact:

          Pegasus Gaming Corporation
                            David Cheng 
                            (440) 445-4336
                            Fax: (440) 445-4337
                            info@PegasusGaming.com
                            http://www.PegasusGaming.com