Monday, October 23, 2006

Positive Outlook from Wager Island

After a couple of weeks being hidden in the thick fog of uncertainty (like the island King Kong resided in), the mist seems to clear a little giving some hope that Wager Island may yet be found on the map again. Word from the resident meteorological centre says that the mist should clear in the next 2-4 weeks.

UPDATE, Oct. 19, 2006

Wager Island has successfully located banking insitution(s) that we feel are safe, secure and reliable.

We are underway with our new financial structure and plan to have our accounts open and finalized within 2 - 4 weeks.

Our original banking institution, FCIB, is unfortunately closing under the pressure of a multi-billion dollar VAT scandal in Europe.
The good news is that we are negotiating the release of FCIB Wager Island funds to be wired into our new financial structure as soon as
our accounts are set-up.

We are also taking this opportunity to update our software and to add more games to Wager Island.

We apologize for the inconvenience, but we are here for the long term and would rather take extra time to get things right rather than rush to our re-opening. The due-diligence process that we must go through with new banking institutions is extensive for online-gaming enterprises and with the help of an international law firm are making each step sure and solid.

Thank you very much,

Wager Island

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