Filed by iGames Entertainment, Inc.
                           Pursuant to Rule 425 under the Securities Act of 1933
                   And deemed filed pursuant to Rule 14a-12 and Rule 14d-2 Under
                                             the Securities Exchange Act of 1934
                                     Subject Company: iGames Entertainment, Inc.
                                                    Commission File No.000-49723
News Release
                                                           FOR IMMEDIATE RELEASE
                                                                 January 8, 2004
Investor Relations
(800) 530-1558


KING OF PRUSSIA, PA - iGames Entertainment Inc. (OTC Bulletin Board: IGME -
News) today announced that the acquisition of Available Money, Inc. closed
effective January 6, 2004. The $6,000,000 purchase price was paid with a
combination of cash and stock, with $2,000,000 in cash paid at closing.

The expedited closing was made possible through the cooperation of Chex
Services, Inc., whom iGames Entertainment has agreed to purchase through a
previously announced transaction. Chex Services, Inc. provided financing for the
cash payment at closing on terms that will provide Chex Services, Inc. with a
50% participation in Available Money's revenues and income for 90 days, and a
50% participation in Available Money's income until the financing is repaid.

Christopher Wolfington, Chairman & CEO of iGames Entertainment stated, "This
transaction achieves many of our objectives, including a stronger presence in
the traditional gaming markets, strong revenue and cash flow, and a more
diversified customer base to up sell our other products.

"The assistance of Chex Services to complete the transaction demonstrates the
validity of our plan to leverage the talents of our seasoned management to build
our combined companies into an industry leader," stated Mr. Wolfington.

About iGames Entertainment

iGames Entertainment, Inc. develops, manufactures and markets technology-based
products for the gaming industry. The Company's growth strategy is to become the
innovator in cash access and financial management systems for the gaming
industry. The business model is specifically focused on specialty transactions
in the cash access segment of the funds transfer industry. For a complete
corporate profile on iGames Entertainment, Inc., please visit the Company's
corporate website at

Safe Harbor Act Notice: Certain matters discussed in this news release are
forward-looking statements, as it is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to a
number of known and unknown risks and uncertainties including, but not limited
to, statements concerning iGames Entertainment's commencement of a new business
plan, and its ability to raise funds in connection with such plan, the ability
to close pending transactions and other risks detailed from time to time in
iGames Entertainment's filings with the Securities and Exchange Commission.
Actual results may differ materially from those expressed in any forward-looking
statements made by or on behalf of iGames Entertainment Inc. For more
information, please contact Investor Relations, 800-530-1558.