Brief: LV firm enters controversial business

American Wagering has an office in Canberra, Australia, and accepts wagers by phone and the over the Internet at its site, www.megasports.com.au.

"Australia brings the regulations and credibility to sports wagering on the Internet that assures our customers of our integrity and financial strength," said Chief Executive Victor Salerno. "We believe our company's Internet business will be very successful. AWI has always prided ourselves as pioneers in sports betting. Our Internet business will continue this tradition."

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